|
The Association of the Luxembourg Fund Industry - ALFI / McGill study 'Europe's productive capital gap' shows that Europe is falling behind in mobilising household and pension savings into productive investment compared to reformed pension economies such as Australia, Canada, and Sweden.
The study compares nine countries: four European economies with reformed, capital-based systems (Denmark, Finland, the Netherlands, and Sweden); two successful reformers outside Europe (Australia and Canada); and three major European economies still dominated by PAYG pensions (Germany, France, and Luxembourg).
Researchers find that countries that transitioned to partly funded pension regimes in the 1990s are now poster-child cases of successful reform, showing how...
|