出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：This paper focuses on the impact of ageing on the payout phase of private, DC and DB pension plans, and the role that financial markets can play in facilitating private pensions in helping households to manage retirement wealth. This paper is structured into three sections. The impact of ageing is broader than its financial impact on public budgets; ageing will affect the economy as a whole by lowering employment rates and potential GDP growth; and by affecting productivity, savings, consumption, interest rates and asset valuations.
