The demographic transition in Eastern Europe and Central Asia -- Demographic change and labor markets -- Aging, savings, and financial markets -- Aging and pension expenditures -- Aging, long term care, and public expenditures -- Aging and education

Ageing populations pose a major challenge for long-term sustainability of public finances. The respond has been a wave of pension reforms that has lowered markedly the projected pension expenditure in EU countries. The increase in the second major expenditure item, health and long-term care...