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.{{cite web |url=https://ngam.natixis.com/us/research/global-retirement-index-2017| title=Global Retirement Index|date=2017|website=Natixis|publisher= NGAM |access-date=1 September 2017}} It has been published since 2012 by the French company Natixis, which specialises in asset management.{{cite web |url=http://www.businesswire.com/news/home/20170719005987/en/Canada-Ranks-11th-2017-Natixis-Global-Retirement |title=Canada Ranks 11th in 2017 Natixis Global Retirement Index |last= |first= |date=19 July 2017 |website=BusinessWire |publisher= |access-date= 1 September 2017|quote=}}
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.{{cite web |url=https://currentaffairs.gktoday.in/india-ranks-43rd-2017-global-retirement-index-08201747164.html |title=India ranks 43rd in 2017 Global Retirement Index |last= |first= |date=9 August 2017 |website= General Knowledge Today |publisher= GKToday |access-date= 1 September 2017 |quote=}}
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.{{cite web |url=https://www.bloomberg.com/news/articles/2017-07-19/the-u-s-falls-in-a-global-retirement-security-ranking |title= The U.S. Falls in a Global Retirement Security Ranking |last=Wooley |first=Suzanne |date=19 July 2017 |website=Bloomberg |publisher= |access-date= 1 September 2017 |quote=}}
The four categories cover four relevant considerations for welfare in old age are listed below, along with the indicators that fall under them:{{cite web |url=http://www.benefitspro.com/2017/07/21/10-countries-topping-the-global-retirement-index |title=10 countries topping the global retirement index|last=Satter |first=Marlene Y. |date=21 June 2017 |website=BenefitsPro |publisher=ALM Media |access-date= 1 September 2017 |quote=}}
= Health=
- Life expectancy
- Health expenditure per capita
- Insured health expenditure
= Material wellbeing =
=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
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Category:International rankings
Category:Demographic economics
Category:2012 establishments in France
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