An ageing world population is expected to shape the economic future of the globe. According to UN calculations, the total world population will increase by 40% and the median age will increase by 7.8 years by 2050. Compared to a few decades ago, these rates represent a significant deceleration in population growth and a sizeable acceleration in ageing.
For economies, age is not just a number
Harun Onder, Pierre Pestieau, 20 May 2014
Identity and wellbeing: How retiring makes the unemployed happier
Clemens Hetschko, Andreas Knabe, Ronnie Schöb, 4 May 2012
Most people adapt surprisingly well to changes in their lives. Even after tragic events such as the death of a family member or a chronic disease, they restore their former wellbeing, if not always completely (Clark et al 2008). There is one event, though, for which this appears not to be true – unemployment.
Nudges to nudge up the savings rate
James Choi, Emily Haisley, Jennifer Kurkoski, Cade Massey, 28 March 2012
There is widespread concern that individuals do not save enough for retirement because they are financially illiterate (Lusardi and Mitchell 2007, Bucher-Koenen and Lusardi 2011) or suffer from self-control problems (Angeletos et al 2001).
Fatal attraction? Access to early retirement and mortality
Andreas Kuhn, Jean-Philippe Wuellrich, Josef Zweimüller , 25 March 2012
Europe and many other parts of the parts of the world face a dramatic demographic transition. Ageing populations will lead to fundamental changes in societies and threaten the sustainability of pension systems. This has prompted the EU to launch a public debate on how to meet this demographic challenge.
The dynamics of homeownership among the 50+ in Europe
Agar Brugiavini, Viola Angelini, Guglielmo Weber, 12 March 2012
Vox readers can download CEPR Discussion Paper 8889 for free here.
Retirement age across countries: The role of occupations
Philip Sauré, Hosny Zoabi, 19 November 2011
Long-standing trends towards earlier retirement and higher life expectancy threaten the sustainability of existing pension systems. What’s more, rising debt levels in the wake of the Great Recession have intensified the need for reforms (see Diamond 2011).
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