The combination of aging population and falling birthrates in the industrial countries will have particularly strong effects on the labor markets in Europe and Japan. It is anticipated that by 2050, the supply of labor in these markets could shrink by 15% and 30%, respectively, which would...

Today in the Central and Eastern European (CEE) countries there are barely 30 pensioners for every 100 persons of working age. By 2050, the number could rise to almost 80 pensioners. So far Poland has responded the most rigorously to the challenge, establishing a modern three-pillar pension...