Age Shock: How Finance is Failing Us by Robin Blackburn

By Robin Blackburn

A searing examine the monetary hindrance of an getting older society, with radical new proposals.
Most international locations face the long run with an getting older inhabitants, but so much governments are decreasing on pensions and the care prone wanted by means of the aged. Robin Blackburn exposes the perverse reasoning and unique pursuits that have mixed to provide this nonsensical situation. This up-to-date paperback version of Age surprise encompasses a new preface explaining why the credits crunch and eurozone trouble have had one of these devastating effect and outlining how to warrantly first rate pensions and care provision.

Originally produced as a vector pdf
"Pages numbered"

Show description

Read or Download Age Shock: How Finance is Failing Us PDF

Best economic policy books

Eco-Tyranny: How the Left's Green Agenda will Dismantle America

Exorbitant power costs, rolling blackouts, acute meals shortages, severe water deficiencies, and personal estate rights usurped: this is often America's destiny as estimated by way of the environmental movement's well-honed eco-friendly schedule. as a way to de-develop the U.S., the Left is utilizing phony environmental crises to demonize capitalism and liberty, and purposefully withhold America's monstrous ordinary resources-and the Obama management is piloting the plan.

From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921-1933 (Historical Perspectives on Modern Economics)

In renowned imagery, Herbert Hoover is usually stereotyped as a 'do-nothing' president who provided in basic terms nineteenth-century slogans for the best monetary disaster in twentieth-century American heritage. not anything should be farther from the reality. This examine examines the homes of an leading edge method of financial development and balance formulated by means of Hoover and his affiliates in the course of his years as secretary of trade (1921-9) and inspects his deployment of this technique from the White apartment following the nice Crash within the autumn of 1929.

Trade Threats, Trade Wars: Bargaining, Retaliation, and American Coercive Diplomacy (Studies in International Economics)

This learn of yank alternate coverage addresses puzzles linked to using competitive bargaining strategies to open international markets. First, because the state with higher strength and assets, why has the USA completed extra luck in extracting concessions from a few of its buying and selling companions than others?

The Pursuit of Happiness: An Economy of Well-Being (Brookings Focus Books)

Within the Pursuit of Happiness, the most recent addition to the Brookings concentration sequence, Carol Graham explores what we all know concerning the determinants of happiness, throughout and inside nations at various levels of improvement. She then takes a glance at simply what we will be able to do with that new wisdom and obviously provides either the promise and the aptitude pitfalls of injecting the “economics of happiness” into public policymaking.

Additional resources for Age Shock: How Finance is Failing Us

Sample text

Contributions to pension provision can be adjusted to have a countercyclical impact. In my calculation of the growth of the universal pension fund (in Chapter 7), I assume a 5 per cent rate of return. In 2006, and against the background of the promises made by the advocates of pension privatiza tion, this was a comparatively modest rate. The privatizers usually employ a 7 per cent, or even 9 per cent, rate of return ± levels which always looked optimistic. In the last deeply troubled decade such rates are clearly unrealistic, and even 5 per cent is demanding.

In July 2011 the UK Office of Budget Responsibility offered new estimates of the likely rise in ageing costs and revenues as the over 65s increase from 17 per cent in 2015 to 26 per cent in 2060. 4 Source: Office of Budget Responsibility, July 2011, pp. 8±9 Made on the basis of existing legislation, these projections only concern the state pensions and public service pensions. They present a serious rather than a crushing challenge. ) The net extra expenditure that is likely to be caused by an ageing population will total 5 per cent of GDP by 2050.

By xxxiv age shock 2011 there were signs of slackening demand in China, and of government reluctance to undertake a new stimulus package. German manufacturers retained a competitive edge, in part because they were supported by a public, not for profit research network, the Fraunhofer Gesellschaft, founded in 1947. 44 This network is vital to German manufacturing prowess. Although Germany was hit by the crisis, it recovered quite quickly thanks to booming exports to Asia. A system of rebates for younger and older workers reduced both labour costs and the size of the tax wedge on employee incomes (noted as a problem in Chapter 6, below).

Download PDF sample

Rated 4.05 of 5 – based on 3 votes

Categories: Economic Policy