An Optimistic Perspective on Population Ageing and Pension System

Die Kommission Internationale Wirtschafts- und Finanzpolitik der Österreichischen Akademie der Wissenschaften (ÖAW) lud am 18. Dezember zur Veranstaltung „An Optimistic Perspective on Population Ageing and Pension System“.




Prof. Erich W. STREISSLER, Österreichische Akademie der Wissenschaften



Prof. Robert HOLZMANN, University of Malaya (Kuala Lumpur), Österreichische Akademie der Wissenschaften

„An Optimistic Perspective on Population Ageing and Pension System“



Prof. Alexia FÜRNKRANZ-PRSKAWETZ, Österreichische Akademie der Wissenschaften, TU Wien

Prof. Bernd MARIN, European Centre for Social Welfare Policy and Research


Moderation der Veranstaltung:

Prof. Christian KEUSCHNIGG, Institut für Höhere Studien


Population aging is typically associated with economic challenges for productivity and financial threats for the pension system of a country. The presentation takes an optimistic position and outlines key ingredients to make population aging a successful experience. Yet to turn this challenge into an opportunity requires a significant change in a society’s mindset and policies, such as recognizing that population aging and increased life expectancy are quite likely the biggest challenge to mankind in recorded history. This calls for a review and revision of societal institutions, from the likely oldest one – marriage – to one of the youngest – retirement income schemes. Mere tinkering at the margin of existing retirement income programs will be neither sufficient nor helpful. To develop the arguments, the presentation reviews and proposes changes to the measurement of population aging; outlines critical policy paths to address population aging successfully; analyzes the implications of population aging for the selection for the old-age pension system; and offers guidance to this end. Solutions are at hand but they do not come automatically.


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