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: |
Table of Contents:
- 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
- 8. Average Age-Related Expenditure, 2004-069. Costs of Aging, 2006 vs. 2050; References