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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Hoffmaister, Willy
Awduron Eraill: Catalan, Mario, Guajardo, Jaime
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2008.
Cyfres:IMF Working Papers; Working Paper ; No. 2008/098
Mynediad Ar-lein:Full text available on IMF