TY - BOOK AU - Chawla,Mukesh AU - Betcherman,Gordon AU - Banerji,Arup TI - From red to gray: the third transition of aging populations in Eastern Europe and the former Soviet Union SN - 9780821371299 (alk. paper) AV - HQ1064.E812 C45 2007 U1 - 304.6/20947 22 PY - 2007/// CY - Washington DC PB - World Bank KW - Older people KW - Europe, Eastern KW - Economic conditions KW - Soviet Union KW - Population forecasting N1 - Includes bibliographical references and index; 1; The demographic transition in Eastern Europe and the former Soviet Union --; 2; Demographic change and labor markets --; 3; Aging, savings, and financial markets --; 4; Aging and pension expenditures --; 5; Aging, long-term care, and public expenditures --; 6; Aging and education N2 - "From Red to Gray: The "Third Transition" of Aging Populations in Eastern Europe and the Former Soviet Union looks at the distinctive challenges of aging that the transition countries face. All aging societies run the risks of slower growth and unsustainable fiscal burdens. For the transition countries in the region, however, these doomsday scenarios are not inevitable; the only dangers lie in complacency and inaction." "The authors present policies to address potential slowdowns in growth in these economies - such as increasing low levels of labour force participation, deepening financial markets, and increasing productivity. They also propose reforms to manage rapid increases in public spending on old-age pensions and health care - from transforming pension systems that are generous but cover fewer workers to urgently planning for the provision of long-term care for the aged."--BOOK JACKET ER -