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From Red to Gray : The "Third Transition" of Aging Populations in Eastern Europe and the Former Soviet Union

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Author Info

  • Mukesh Chawla
  • Gordon Betcherman
  • Arup Banerji
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    Abstract

    This 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.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/6741/405320Red0to0g101OFFICIAL0USE0ONLY1.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 6741 and published in 2007.

    ISBN: 978-0-8213-7129-9
    Handle: RePEc:wbk:wbpubs:6741

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: 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;

    References

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    Cited by:
    1. World Bank, 2010. "Taking Stock of Recent Migration Flows in the European Union," World Bank Other Operational Studies 2965, The World Bank.
    2. World Bank, 2012. "Resilience, Equity, and Opportunity," World Bank Other Operational Studies 12648, The World Bank.
    3. World Bank, 2012. "Montenegro After the Crisis : Towards a Smaller and More Efficient Government," World Bank Other Operational Studies 12821, The World Bank.
    4. 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.

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