Global Aging and Declining World Interest Rates : Macroeconomic Insurance Through Pension Reform in Cyprus /

How will the world-wide decline in real interest rates associated with global aging affect small open economies (SOEs) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages, in turn, will be passed on to pension benefits, exacerbati...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Hoffmaister, Willy
Beste egile batzuk: Catalan, Mario, Guajardo, Jaime
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2008.
Saila:IMF Working Papers; Working Paper ; No. 2008/098
Sarrera elektronikoa:Full text available on IMF