Finance:Global Retirement Index
The Global Retirement Index (GRI) is an attempt to examine the factors that drive retirement security and to provide a comparison tool for best practice in retirement policy.[1] It has been published since 2012 by the French company Natixis, which specialises in asset management.[2] Norway, Switzerland and Iceland are respectively the first, second and third placed countries. India ranks 43rd, which is the bottom rank; it is preceded by Greece and ranks also last among the BRIC economies.[1][3]
Qualifying countries
The countries on the list are from the following organisations:
- Economic Co-operation and Development (OECD)
- International Monetary Fund (IMF) advanced economies
- BRICS countries (Brazil, Russia, India, China and South Africa)
Metrics
The Global Retirement Index is a composite welfare index which combines at total of 18 target-oriented indicators which are grouped into four thematic categories to calculate the position on the index. The indicators are then used to create a percentage score; countries are ranked by the score.[4]
The four categories cover four relevant considerations for welfare in old age are listed below, along with the indicators that fall under them:[5]
Health
- Life expectancy
- Health expenditure per capita
- Insured health expenditure
Material wellbeing
- Income equality
- Income per capita
- Unemployment
Quality of life/environment
- Happiness
- Air quality
- Water and sanitation
- Biodiversity and habitat
- Environmental factors
Finances in retirement
- Old-age dependency
- Bank nonperforming loans
- Inflation
- Interest rates
- Tax pressure
- Governance
- Government indebtedness
References
- ↑ 1.0 1.1 "Global Retirement Index". NGAM. 2017. https://ngam.natixis.com/us/research/global-retirement-index-2017.
- ↑ "Canada Ranks 11th in 2017 Natixis Global Retirement Index". 19 July 2017. http://www.businesswire.com/news/home/20170719005987/en/Canada-Ranks-11th-2017-Natixis-Global-Retirement.
- ↑ "India ranks 43rd in 2017 Global Retirement Index". GKToday. 9 August 2017. https://currentaffairs.gktoday.in/india-ranks-43rd-2017-global-retirement-index-08201747164.html.
- ↑ Wooley, Suzanne (19 July 2017). "The U.S. Falls in a Global Retirement Security Ranking". https://www.bloomberg.com/news/articles/2017-07-19/the-u-s-falls-in-a-global-retirement-security-ranking.
- ↑ Satter, Marlene Y. (21 June 2017). "10 countries topping the global retirement index". ALM Media. http://www.benefitspro.com/2017/07/21/10-countries-topping-the-global-retirement-index.
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