The UK is about to make a massive change to its pension system. Auto-enrolment into a pension scheme comes into effect in Autumn 2012, as a quasi-compulsory defined contribution national pension scheme is introduced called NEST (National Employment Savings Trust).
Risks to the individual in defined contribution pension schemes
Ian Tonks, Edmund Cannon, 20 August 2012
Healthcare reform: Difficult but not impossible
Benedict Clements, David Coady, Sanjeev Gupta, 24 June 2012
With public debt ratios soaring to levels unprecedented since the Second World War, fiscal adjustments are already underway and more will need to be done in many advanced economies (Buti and Pench 2012, Cottarelli 2012).
Addressing the incompleteness of long-term care insurance
Joan Costa-i-Font, 9 June 2012
With rapid population ageing, expenditure on long-term care – that is, care and assistance for old-age dependent elderly – has risen faster than health expenditure. Perhaps surprisingly, this increase is far more due to population ageing than to changes in people’s health (Colombo and Mercier 2012, Breyer et al. 2011).
It's the family, stupid!
Edoardo Campanella, 24 February 2012
Deep economic crises encourage a radical rethinking of the socioeconomic model that generated them.
Future skill shortages in the US economy? Sorting out the evidence
David Neumark, Hans Johnson, Marisol Cuellar Mejia, 14 August 2011
Ageing workforces pose challenges to governments around the world. While fiscal issues surrounding pension and social security have been very much in the news, a less well-known issue concerns skills.
Demographic pressure versus labour market space: A global view
Marga Peeters, Loek Groot, 2 August 2011
Economists tend to study the problem of ageing in the developed countries in terms of rising old-age dependency ratios, which express the increasing higher number of pensioners for every working-age person. We can also apply the same reasoning to the young, where rising young-age dependency ratios in developing countries by definition implies more youngsters for every person of working age.
Does population ageing reduce productivity growth?
Dirk Niepelt, Martín Gonzalez-Eiras, 24 June 2011
The prospect of “greying” populations in many developed economies is raising concerns about the sustainability of economic growth.
Does ageing really affect health expenditures? If so, why?
Friedrich Breyer, Stefan Felder, Joan Costa-i-Font, 14 May 2011
The share of older people in the population is growing faster than that of any other age group, both as a result of longer lives and a lower birth rate. But the effect of population ageing on health and healthcare is far from straightforward. Figure 1 plots life expectancy against health expenditure for 30 OECD countries in 1970 and 2005.
Age, wage, and productivity
Jan van Ours, 5 March 2010
Over the coming decades, European countries will experience a steep increase in the share of elderly people and a steep decline in the share of people of prime working-age. The number of workers retiring each year will increase and eventually exceed the number of new labour market entrants.
- The case for 4% inflationBall
- Helicopter money as a policy optionReichlin, Turner, Woodford
- The banking crisis as a giant carry trade gone wrongAcharya, Steffen
- Everything the IMF wanted to know about financial regulation and wasn’t afraid to askBair
- Rethinking macroeconomic policy: Getting granularBlanchard, Dell'Ariccia, Mauro
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Baldwin, Kawai, Wignaraja, 11 June 2013
Giavazzi, Portes, Weder di Mauro, Wyplosz