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Pensions Crisis
The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them. The basic difficulty of the pension problem is that institutions must be sustained over far longer than the political planning horizon. Shifting demographics are causing a lower ratio of workers per retiree; contributing factors include retirees living longer (increasing the relative number of retirees), and lower birth rates (decreasing the relative number of workers, especially relative to the Post-WW2 Baby Boom). An international comparison of pension institution by countries is important to solve the pension crisis problem. There is significant debate regarding the magnitude and importance of the problem, as well as the solutions. One aspect and challenge of the "Pension timebomb" is that several countries' governments have a consti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post–World War II Baby Boom
The middle of the 20th century was marked by a significant and persistent increase in fertility rates in many countries of the world, especially in the Western world. The term ''baby boom'' is often used to refer to this particular boom, generally considered to have started immediately after World War II, although some demographers place it earlier or during the war. This terminology led to those born during this baby boom being nicknamed the baby boomer generation. The boom coincided with a marriage boom. The increase in fertility was driven primarily by a decrease in childlessness and an increase in parity progression to a second child. In most of the Western countries, progression to a third child and beyond declined, which, coupled with aforementioned increase in transition to first and second child, resulted in higher homogeneity in family sizes. The baby boom was most prominent among educated and economically active women. The baby boom ended with a significant decline in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
