Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis

Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis

Fuchita, Yasuyuki
Herring, Richard J.
Litan, Robert E.

Paperback

Personal FinanceGeneral Political Science

ISBN10: 0815721536
ISBN13: 9780815721536
Publisher: Brookings Institution Press
Published: Apr 18 2011
Pages: 162
Weight: 0.50
Height: 0.60 Width: 6.00 Depth: 8.80
Language: English

While the immediate dangers from the recent financial crisis have abated--much of the financial system has returned to profitability and the economy is growing, albeit slowly--the damage to the economy will linger for years. Among the many impacts is the problem that may be most acute in the United States: how state and local governments and private companies will honor their obligations under defined benefit (DB) pension plans. Institutional investors also confront new difficulties in the low-interest-rate environment that has prevailed since the onset of the crisis. East Asian economies, namely in Japan, Korea, and China, also face pension issues as their populations age.

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