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.
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