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Thursday, May 17 • 5:15pm - 6:45pm
A1a-A Cross-Country Analysis of Population Aging and Financial Security

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Soo-Hyun Joo, Angela C. Lyons, John E. Grable - Policy makers worldwide are concerned about the impact of population aging on households' financial security. We use data from the 2014 World Bank Global Findex and supplement it with data on old-age security to investigate the financial security of households across both developed (OECD) and developing (non-OECD) countries. Five indicators of financial security are examined. Results show that those who are female, less educated, and poor are particularly vulnerable, especially those in developing countries. The financial security of those living in non-OECD countries was significantly more likely to be affected by public pension spending and other indicators of old-age security. These findings have important policy implications given the pressures that some countries’ social support and public transfer systems will face in the coming years.

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John Grable

Professor, University of Georgia
We provide leading-edge teaching, research and outreach that improves the economic well-being for families, increases the quality of life in communities and prepares future leaders and entrepreneurs.Our graduates are entrepreneurs, financial planners, consumer journalists, community... Read More →

Thursday May 17, 2018 5:15pm - 6:45pm
Coquina 3

Attendees (2)