Global Retirement Index (Ofer Abarbanel online library)

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
  • BRIC countries (Brazil, Russia, India and China)

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. ^ Jump up to:ab “Global Retirement Index”. Natixis. NGAM. 2017. Retrieved 1 September 2017.
  2. ^“Canada Ranks 11th in 2017 Natixis Global Retirement Index”. BusinessWire. 19 July 2017. Retrieved 1 September 2017.
  3. ^“India ranks 43rd in 2017 Global Retirement Index”. General Knowledge Today. GKToday. 9 August 2017. Retrieved 1 September 2017.
  4. ^Wooley, Suzanne (19 July 2017). “The U.S. Falls in a Global Retirement Security Ranking”. Bloomberg. Retrieved 1 September 2017.
  5. ^Satter, Marlene Y. (21 June 2017). “10 countries topping the global retirement index”. BenefitsPro. ALM Media. Retrieved 1 September 2017.

 

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