August 2022
17Aug

This is how long people across Europe can expect to work

Whether you love your job—or dream of retirement—most of us want to know how long our working lives will last. The next generation of Europeans are expected to work for an average of 36 years, although there are big differences between countries. Working lives in Europe have been getting longer since 2001, according to the European Commission’s data service Eurostat. They shortened slightly for the first time in 2020 because of COVID-19, but are now up to their pre-pandemic level. The...

August 17, 2022
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09Aug

Canada. Employment rate at historic high but aging population remains mostly out of work

A new study has found that although the employment rate for Canadians between 15 and 64 years of age (working age) is at a historic high, the overall labor market has yet to fully recover from the pandemic-induced recession due to the continued aging of the country’s population. The study was conducted by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The study compares labor statistics for the first five months of 2022 relative to the same period in...

August 9, 2022
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08Aug

US. Working in Retirement? Here’s Why It’s Great — and Why It’s Really Not

Retirement can mean different things to different people. For some, it's the time to travel the world and do the things they've always wanted but never had the chance to do. For others, it's the time to do absolutely nothing after working for decades. And for other people, it could mean continuing to work, just at their own discretion. There are no rules about the right way to retire. So if you somehow find yourself working during retirement, it's not...

August 8, 2022
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05Aug

Public Wage and Pension Indexation in the Euro Area: An Overview

By Cristina D. Checherita-Westphal, João Domingues Semeano, Elena Ahonen, Pierrick Stinglhamber, Stefan Van Parys, Johannes Clemens, Katri Urke, Orsolya Soosaar, Maria Vergou, Maria Flevotomou, David Staunton, Jorge Martínez-Pagés, Aris Avgousti, Gintare Zelionkaite, Olivier Delobbe, Florian Henne, Baiba Brusbārde, John Farrugia, Juergen Attard, Fabrizio Renzi, Marco Savegnago, Doris Prammer, Lukas Reiss, Gerard Eijsink, Jip Italianer, Maria Manuel Campos, Andreja Strojan Kastelec, Barbora Palášthyová, Vratislav Pisca & Jarkko Kivistö. If the responses of wages – both private and public – and of...

August 5, 2022
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July 2022
29Jul

‘How do you grow an economy without young people?’: What falling birth rates mean

Falling birth rates across nearly all the developed world – and now much of the developing world – have demographers like Paul Morland concerned. While the planet as a whole is projected to be home to 9.8 billion people by 2050 – up from 7.96 billion today – a vast number of countries, from within Europe to South-East Asia to the Americas, are dealing with decades of sub-replacement fertility, which means a total fertility rate (TFR) below the 2.1...

July 29, 2022
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27Jul

China faces largest retirement wave in next 10 years

It is estimated that in the next 10 years, an average of 20 million people will retire each year, according to a recently published article by Banyuetan, a journal under China’s Xinhua News Agency. According to mainland media, the first impact of the retirement wave is the significant decline of the working-age population. Peng Xizhe, Dean of the Institute of Aging at Fudan University, pointed out that in the tide of retirement, more than 20 million people will retire every year....

July 27, 2022
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27Jul

UK. Thousands of gig economy workers in line for improved labor conditions

While not a change in the law, business minister Jane Hunt said the guidance was “tidying up the rules” to help workers find out if they are being treated fairly by their workplace. It follows the landmark Uber Supreme Court judgment in February last year, which held that individuals in the gig economy qualify as workers. This entitles them to core employment protections including earning at least the National Minimum Wage as well as being given paid holiday leave and a...

July 27, 2022
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26Jul

Shifting Our Aging Society From A Burden To An Asset

Each year the World Economic Forum publishes its Global Risks Report, which aims to outline the biggest threats facing society in the year ahead. The 2022 edition features many common sights, including climate action failure, extreme weather, and biodiversity loss. Such catastrophic events often succumb to the so-called availability heuristic, whereby we're naturally drawn to the things we're familiar with. In the case of the kind of threats posed in the Global Risks report, these are all risks that...

July 26, 2022
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25Jul

China’s population to start to shrink before 2025: Global Times

China's population growth rate has slowed significantly and is expected to turn negative ahead of 2025, the state-backed Global Times reported, citing a senior health official. Birth data released late on Sunday showed that the number of new births in 2021 was the lowest in decades in several provinces. The number of births in the central Hunan Province fell below 500,000 for the first time in nearly 60 years, the Global Times said. Only China's southern Guangdong Province had more than...

July 25, 2022
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11Jul

Finns consider immigration best way to consolidate pension system – Survey

Raising the pension contributions of employees and employers was the second most popular means to consolidate the funding of pensions, with 34 per cent of respondents regarding it as a good or fairly good idea and 35 per cent as a bad or fairly bad idea. A little over a quarter (26%) of respondents voiced their support for and 37 per cent their reservations about taking on greater risks when investing pension funds. “Finns are somewhat surprisingly not supportive of...

July 11, 2022
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