Can the Eastern Caribbean Currency Union afford to grow old? /
The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform. First,...
| Main Authors: | , |
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| Corporate Author: | |
| Format: | Book |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2009
Washington, D.C. : 2009 |
| Series: | IMF Working Papers ;
Working Paper No. 09/38 IMF eLibrary IMF working paper ; WP/09/38 |
| Subjects: |
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| 100 | 1 | |a Monroe, Hunter K | |
| 100 | 1 | |a Monroe, Hunter K., |e author | |
| 245 | 1 | 0 | |a Can the Eastern Caribbean Currency Union afford to grow old? / |c prepared by Hunter Monroe |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2009 | ||
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2009 | |
| 300 | |a 1 online resource (1 electronic resource (13 pages)) : |b color illustrations | ||
| 300 | |a 1 online resource (15 pages) | ||
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| 490 | 1 | |a IMF Working Papers ; |v Working Paper No. 09/38 | |
| 490 | 1 | |a IMF working paper ; |v WP/09/38 | |
| 500 | |a At head of title: Western Hemisphere Department | ||
| 500 | |a "March 2009." | ||
| 504 | |a Includes bibliographical references (pages 12-13) | ||
| 505 | 0 | |a I. Introduction; II. Emigration and Sustainability; III. Asset Returns and Portfolio Allocation; IV. Other Age-Related Spending; V. Policy Recommendations; Figures; 1. Demographic Profile, 2005-60; 2. Social Security Reserve Assets per Actuarial Reviews; 3. Countries with the Largest Emigration to OECD, 1970-2000; 4. Estimates of Annual Emigration Rates, 2000; 5. Demographic Profile with Constant Emigration at the Historical OECD Rate, 2005-60; 6. Projected Year of Pension Fund Reserve Asset Depletion; 7. Social Security Reserve Portfolio Asset Allocations | |
| 505 | 8 | |a 8. Average Age-Related Expenditure, 2004-069. Costs of Aging, 2006 vs. 2050; References | |
| 506 | |a Restricted for use by site license | ||
| 520 | |a The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform. First, for some ECCU countries, continued emigration at historical rates would considerably advance the projected date at which pension scheme assets are depleted. Second, there is a significant risk that assets will underperform, given the large exposures to the highly-leveraged public sector and to a le | ||
| 520 | 3 | |a The demographic transition in the Eastern Caribbean Currency Union (ECCU) now underway is rapid compared with international experience, and emigration is playing a particularly large role. This paper describes and quantifies several factors which could magnify the challenge of pension reform. First, for some ECCU countries, continued emigration at historical rates would considerably advance the projected date at which pension scheme assets are depleted. Second, there is a significant risk that assets will underperform, given the large exposures to the highly-leveraged public sector and to a lesser extent the record with private sector investments. Third, portfolio diversification away from the public sector could be complicated by age-related pressure for greater central government health spending | |
| 546 | |a English | ||
| 588 | |a Description based on print version record | ||
| 588 | 0 | |a Print version record | |
| 610 | 2 | 0 | |a Eastern Caribbean Currency Union |
| 610 | 2 | 7 | |a Eastern Caribbean Currency Union |2 fast |
| 650 | 0 | |a Pensions | |
| 650 | 4 | |a Accrual rates | |
| 650 | 4 | |a Aging | |
| 650 | 4 | |a Asset managers | |
| 650 | 4 | |a Commercial banks | |
| 650 | 4 | |a Contribution rates | |
| 650 | 4 | |a Dependency ratio | |
| 650 | 4 | |a Eastern Caribbean Currency Union | |
| 650 | 4 | |a Health care | |
| 650 | 4 | |a Labor force | |
| 650 | 4 | |a Labor supply | |
| 650 | 4 | |a Long-term care | |
| 650 | 4 | |a Migration | |
| 650 | 4 | |a Minimum pension | |
| 650 | 4 | |a OECD | |
| 650 | 4 | |a Pension age | |
| 650 | 4 | |a Pension fund reserve | |
| 650 | 4 | |a Pension fund reserves | |
| 650 | 4 | |a Pension fund | |
| 650 | 4 | |a Pension funds | |
| 650 | 4 | |a Pension reform | |
| 650 | 4 | |a Pension scheme | |
| 650 | 4 | |a Pension schemes | |
| 650 | 4 | |a Pension spending | |
| 650 | 4 | |a Pension systems | |
| 650 | 4 | |a Pension | |
| 650 | 4 | |a Pensioners | |
| 650 | 4 | |a Pensions | |
| 650 | 4 | |a Public pension schemes | |
| 650 | 4 | |a Public pension | |
| 650 | 4 | |a Retirement age | |
| 650 | 4 | |a Retirement | |
| 650 | 7 | |a Pensions |2 fast | |
| 651 | 4 | |a Antigua and Barbuda | |
| 651 | 4 | |a Saint Vincent and the Grenadines | |
| 655 | 4 | |a Electronic books | |
| 655 | 7 | |a Electronic books |2 gtlm | |
| 700 | 1 | |a Monroe, Hunter K | |
| 710 | 2 | |a International Monetary Fund |b Western Hemisphere Department. | |
| 776 | 0 | 8 | |a Print Version: |z 9781451871869 |
| 776 | 0 | 8 | |i Print version: |a Monroe, Hunter K |t Can the Eastern Caribbean Currency Union afford to grow old? |d [Washington, D.C.] : International Monetary Fund, ©2009 |w (OCoLC)469131618 |
| 830 | 0 | |a IMF Working Papers ; |v Working Paper No. 09/38 | |
| 830 | 0 | |a IMF eLibrary | |
| 830 | 0 | |a IMF working paper ; |v WP/09/38 | |
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