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International Pension Readiness Report Finds Most Major Industrial Countries Unprepared for Coming Crisis

The combined effects of slower labor-force growth and population aging could undermine the pension systems and broader economic prospects of many developed countries, according to a major new study by the World Economic Forum in partnership with Watson Wyatt Worldwide.

The study, released in advance of the January 21-25, 2004 World Economic Forum’s Annual Meeting in Davos, raises profound questions around labor participation and productivity, the cross-border flow of capital, the globalization of labor markets, the financial viability of social insurance programs, and how economic output is shared between working-age and retiree populations.

Below, please find the report executive summary, press release, fact sheet and individual country profiles.

Related Links
Executive Summary: Living Happily Ever After: The Economic Implications of Aging Societies Press Release: International Pension Readiness Report Finds Most Major Industrial Countries Unprepared for Coming Crisis Fact Sheet: Living Happily Ever After: The Economic Implications of Aging Societies
Individual Country Profiles:
	Australia		Iceland		Norway
	Austria		Ireland		Spain
	Belgium		Italy		Sweden
	Canada		Japan		Switzerland
	Finland		Korea		United Kingdom
	France		Netherlands		United States
	Germany