The ageing of the population in the developed countries poses one of the major challenges in the 21st century. The population aged 60 and older is expected to rise in OECD countries: the demographic shift is explained by several factors, but the spectacular and largely unpredicted decline in mortality at older ages and lowering birth rates are major determinants of current trends in ageing. This challenge cannot be met by repeated and uninformed references to an incumbent disaster, but rather by providing timely and accurate information to citizens and policy makers and by carrying out research on the causes and effects of these changes.
KeywordsLabour Force Participation Early Retirement Welfare System Pension System Pension Plan
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