From Red to Gray : The "Third Transition" of Aging Populations in Eastern Europe and the Former Soviet Union
AbstractThis report focuses on the challenges that the region's aging countries will now face in having to deal with multiple transitions. It argues that their task ahead, though uniquely daunting, is by no means impossible. Indeed, many of the potential problems can be addressed through sensible and thoughtful policies that can be enacted over the next few years. The only danger likely lies in complacency, in not being proactive in addressing the challenges. This report finds, first, that some of the concerns about aging in Eastern European and Former Soviet countries are probably misplaced. Second, the analysis in the report validates concerns about future fiscal strains in some of the region's aging countries, but finds that many of the drivers of higher future public expenditures are unrelated to aging. This report is particularly focused on the future-a future in the region that is critically dependent on actions that countries and societies take now, and over the next few years. The report sends two central messages, which are analyzed against the different patterns of aging across the region. Red light to green light: Growing older does not have to mean growing slower. Aging is not a stop sign for growth-if countries enact policies that boost productivity and labor force participation. Red ink to black ink: Waging sensible policies can ease aging's spending impact. The policies needed to manage much of the expected jump in public spending-especially the impacts on pensions and on health care-are well known. They need only to be enacted and implemented.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoThis book is provided by The World Bank in its series World Bank Publications with number 6741 and published in 2007.
Health; Nutrition and Population - Population Policies Health Monitoring and Evaluation Banks and Banking Reform Private Sector Development - Emerging Markets Finance and Financial Sector Development Health; Nutrition and Population;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gabor Kertesi & Janos Kollo, 2001. "Economic transformation and the revaluation of human capital - Hungary, 1986-1999," Budapest Working Papers on the Labour Market 0104, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Thai-Thanh Dang & Pablo Antolín & Howard Oxley, 2001. "Fiscal Implications of Ageing: Projections of Age-Related Spending," OECD Economics Department Working Papers 305, OECD Publishing.
- David W. Galenson & Bruce A. Weinberg, 1999.
"Age and the Quality of Work: The Case of Modern American Painters,"
NBER Working Papers
7122, National Bureau of Economic Research, Inc.
- David W. Galenson & Bruce A. Weinberg, 2000. "Age and the Quality of Work: The Case of Modern American Painters," Journal of Political Economy, University of Chicago Press, vol. 108(4), pages 761-777, August.
- Martin Feldstein & Charles Horioka, 1979.
"Domestic Savings and International Capital Flows,"
NBER Working Papers
0310, National Bureau of Economic Research, Inc.
- Fair, Ray C, 1994.
"How Fast Do Old Men Slow Down?,"
The Review of Economics and Statistics,
MIT Press, vol. 76(1), pages 103-18, February.
- World Bank, 2005. "Uzbekistan : Public Expenditure Review," World Bank Other Operational Studies 8528, The World Bank.
- Kyung-Mook Lim & David N. Weil, 2003.
"The Baby Boom and the Stock Market Boom,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 105(3), pages 359-378, 09.
- Jan J. Rutkowski & Stefano Scarpetta, 2005. "Enhancing Job Opportunities : Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 7408, March.
- Commander, Simon & Kollo, Janos, 2004. "The Changing Demand for Skills: Evidence from the Transition," IZA Discussion Papers 1073, Institute for the Study of Labor (IZA).
- Dave Turner & Claude Giorno & Alain de Serres & Ann Vourc'h & Pete Richardson, 1998. "The Macroeconomic Implications of Ageing in a Global Context," OECD Economics Department Working Papers 193, OECD Publishing.
- James Poterba, 2004.
"The Impact of Population Aging on Financial Markets,"
NBER Working Papers
10851, National Bureau of Economic Research, Inc.
- James M. Poterba, 2004. "The impact of population aging on financial markets," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 163-216.
- Ariel Fiszbein, 2001. "Decentralizing Education in Transition Societies : Case Studies from Central and Eastern Europe," World Bank Publications, The World Bank, number 13886, January.
- Flabbi, Luca & Paternostro, Stefano & Tiongson, Erwin R., 2008.
"Returns to education in the economic transition: A systematic assessment using comparable data,"
Economics of Education Review,
Elsevier, vol. 27(6), pages 724-740, December.
- Flabbi, Luca & Paternostro, Stefano & Tiongson, Erwin R., 2007. "Returns to education in the economic transition : a systematic assessment using comparable data," Policy Research Working Paper Series 4225, The World Bank.
- Oliveira Martins, Joaquim & Gonand, Frédéric & Antolín, Pablo & de la Maisonneuve, Christine & Yoo, Kwang-Yeol, 2005.
"The Impact of Ageing on Demand, Factor Markets and Growth,"
Economics Papers from University Paris Dauphine
123456789/11049, Paris Dauphine University.
- Joaquim Oliveira Martins & Frédéric Gonand & Pablo Antolín & Christine de la Maisonneuve & Kwang-Yeol Yoo, 2005. "The Impact of Ageing on Demand, Factor Markets and Growth," OECD Economics Department Working Papers 420, OECD Publishing.
- Hamid Faruqee, 2002. "Population Aging and Its Macroeconomic Implications: A Framework for Analysis," IMF Working Papers 02/16, International Monetary Fund.
- Paul R. Gregory & Manouchehr Mokhtari & Wolfram Schrettl, 1999. "Do The Russians Really Save That Much? - Alternate Estimates From The Russian Longitudinal Monitoring Survey," The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 694-703, November.
- Loayza, Norman & Schmidt-Hebbel, Klaus & Serven, Luis, 2000. "What drives private saving around the world?," Policy Research Working Paper Series 2309, The World Bank.
- Ali Mansoor & Bryce Quillin, 2007. "Migration and Remittances : Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 6920, March.
- Robert Holzmann & Richard Hinz, 2005. "Old Age Income Support in the 21st century: An International Perspective on Pension Systems and Reform," World Bank Publications, The World Bank, number 7336, January.
- Johansson, Lennarth, 1997. "Decentralisation from acute to home care settings in Sweden," Health Policy, Elsevier, vol. 41(Supplemen), pages S131-S143, September.
- James M. Poterba, 2004. "Impact of population aging on financial markets in developed countries," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 43-53.
- World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 14042, January.
- World Bank, 2010. "Taking Stock of Recent Migration Flows in the European Union," World Bank Other Operational Studies 2965, The World Bank.
- World Bank, 2012. "Resilience, Equity, and Opportunity," World Bank Other Operational Studies 12648, The World Bank.
- World Bank, 2012. "Montenegro After the Crisis : Towards a Smaller and More Efficient Government," World Bank Other Operational Studies 12821, The World Bank.
- Michele Gragnolati & Ole Hagen Jorgensen & Romero Rocha & Anna Fruttero, 2011. "Growing Old in an Older Brazil : Implications of Population Ageing on Growth, Poverty, Public Finance, and Service Delivery," World Bank Publications, The World Bank, number 2351, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Breineder).
If references are entirely missing, you can add them using this form.