Towards a Positive Equilibrium for Ageing Societies
Most of the debate on ageing has centred on how to ensure long-term financial sustainability. Much suggests that we have allowed ourselves to get too bogged down in demographic and actuarial arithmetic at the expense of grander visions of a good, just and productive society in which, as it happens, ageing looms large. This paper is meant to stimulate the latter kind of concern. Can we conceive of a realistic positive equilibrium for, say, 2030 or 2050? Identifying solutions — including also just solutions — to the basic sustainability trade-offs is fairly easy. The tougher challenge lies in predictable second-order trade-offs.
KeywordsPositive Equilibrium Pension Reform Grande Vision Male Life Expectancy Future Pension
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