September 2025

The global imperative of investing in healthy aging

Observed on October 1 of each year, International Day of Older Persons recognizes the contributions of older adults and raises awareness of the challenges they may face. As the world undergoes a profound demographic shift with increasing life expectancies, many communities lack the structures or opportunities that allow the older population to thrive. Societies are confronted with a once-in-a-generation choice: reimagine systems to support longevity for all or risk stagnation with outdated structures. “Improving the quality of life for older individuals and...

Aging, Alcohol, and Attrition: The Economic and Political Ramifications of Public Health in Contemporary Russia

By Andrew Kelmanson, Anonymous Author, Emily Sehati, Eliana Svilik, Kyle H. Chan, Marcus Hsieh & Will Pirone The Russo-Ukrainian War has exacerbated several of the country’s existing public health crises. Specifically, this paper identifies 3 areas of public health concern that are inflamed by the conflict in Ukraine that will likely have an outsized effect on the economic success and political legitimacy of the country in the coming years. These are, namely, alcohol addiction, an aging population, and attrition from...

Has Population Aging Led to Strategic Shifts in Enterprises?

By Hanteng Li, Yun Qin & Yuhang Wang  This paper uses Chinese listed companies from 2009 to 2023 as a sample to systematically examine the impact pathways and mechanisms through which population aging influences corporate strategic transformation. The study finds a significant positive relationship between population aging and corporate strategic transformation, and this conclusion remains robust under multiple sensitivity tests. Further analysis of moderating effects indicates that a firm’s innovation capability plays an important moderating role in the relationship between...

Extended lifespans create retirement crisis fears among Hongkongers

Hongkongers live longer than almost anyone else on earth. The latest census confirms that women can now expect to reach an extraordinary 88.4 years, while men live on average 82.8 years. These are statistics that health officials applaud, a testament to medical advances, hygiene, social discipline and decades of investment in public healthcare. Yet this same triumph of longevity has delivered an uncomfortable paradox i.e. for many it feels less like a blessing, more like a curse. A new...

Aging in the U.S. and Korea: Same Sphere, Different Realities

Both the United States and South Korea are experiencing rapid population aging, but the patterns and social responses differ greatly. The U.S., already moving beyond an “aged society” into a “super-aged society,” is turning this change into a field of opportunity. Korea, meanwhile, is aging at the fastest pace in the world, but its institutions and perceptions still lag behind. In particular, when we look at five areas where the U.S. has shown distinctive developments—△labor market △long-term care & healthcare...

Japan sets new world record for having nearly 100,000 centenarian citizens

Japan has once again broken its own world record for the highest number of people aged 100 or older, with nearly 100,000 centenarians now living in the island nation. This milestone marks the 55th consecutive year that Japan has held this distinction, demonstrating the country's remarkable trend of longevity among its population. Women represent an overwhelming majority of Japan's centenarians, accounting for 88% of those who have reached the century mark. The achievement comes as no surprise, given Japan's status as having...

Greece. Is this a country for young people?

“Life can only be understood by looking back,” Danish philosopher Soren Kierkegaard once wrote, and looking back on my own life I realize how lucky my generation was, growing up in the 1970s and 80s to have lived in a more peaceful, safer, and more optimistic era than the present. On the contrary, our children’s generation will have to live in a much bleaker world: with wars on our doorstep, the specter of irreversible climate catastrophe looming, and the...

Economic and Distributional Effects of Demographic Shifts: Evaluating Pay-as-You-Go and Fully Funded Pension Schemes Based on the Greek Experience

By Zois Gerasimos Katsimigas, Christos Papatheodorou This paper examines economic and distributional consequences of demographic shifts by comparing pay-as-you-go (PAYG) and fully funded (FF) pension schemes in a macroeconomic framework, using Greece as a case study. Facing acute ageing and population decline, Greece provides a unique context to assess the performance of these schemes. We develop a post-Keynesian stock-flow consistent (SFC) model calibrated to the Greek economy to simulate the macroeconomic and distributional outcomes of both schemes under projected demographic...

Germany. Demographics hit pension systems with full force

Bolstering the still underdeveloped second and third pillars of retirement provision is unavoidable. Expanding occupational and private pensions via pension funds and insurers would not only help shrink – or even close – the private savings gap, but also ease the strain on public budgets by stabilising or even reducing transfers to the state pension system. And not least, it would mobilise additional capital for investment through contribution funds channelled into capital markets. Lack of ambition The new CDU/CSU/SPD coalition government,...

Humanoid Robots Will Cater to China’s Aging Population

Robots will play a growing role in caring for China's elderly, industry insiders say, as robotics firms move to tap into the country's expanding "silver economy." Why It Matters China, like the rest of East Asia, is grappling with a flagging birth rate coupled with a fast-aging workforce. People aged 65 and older already make up about 15 percent of its 1.4 billion citizens, according to United Nations data. Demographers expect China to join Japan and South Korea as a "super-aged" society, where more...