June 2023
23Jun

A review of gender differences in retirement income

By Jennifer Curtin & Yanshu Huang  A research report prepared for the Commission for Financial Capability’s Review of Retirement Income Policy, July 2019. This review seeks to answer the following questions: How wide is the Gender Pension Gap in New Zealand? What is the coverage of KiwiSaver by gender? How does this compare with international trends? Is the Gender Pension Gap reducing (as gender pay gaps are) over time (drawing on both international and NZ data where available)? What accounts...

June 23, 2023
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20Jun

Germany set to introduce ‘one of the most modern immigration laws in the world’

What’s going on? Germany's long-debated Skilled Worker Immigration Act aims to make it easier and faster for skilled foreign workers from non-EU countries to come to the country, to help plug the growing labour shortage. The reforms announced in March include loosening Blue Card rules and introducing a points-based immigration system. The urgency for the reforms was made clear in the latest report by the Institute of German Economy (IW) released in April, according to which the skills gap in Germany...

June 20, 2023
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19Jun

Korea launches new team on population policy amid low birthrate

Korea's presidential committee dedicated to addressing the aging society launched a policy planning team Monday, with the goal of strengthening inter-ministry ties on population policies amid the alarmingly low birthrate.The move came as Korea's total fertility rate, the average number of children a woman bears in her lifetime, hit a record low of 0.78 in 2022, much lower than the replacement level of 2.1 that would keep Korea's population stable at 51 million.The Presidential Committee on Aging Society and...

June 19, 2023
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16Jun

Pioneering Safe & Inclusive LGBT Specific Retirement Accommodation. Exploring Models in the USA, UK, & Spain

By Liam Concannon With significant advances in equal rights for lesbians, gay men, bisexual and transgender (LGBT) citizens, achieved across the western world during the past few decades, one group that continues to be overlooked is LGBT elders. This article examines the unique discrimination and homophobia faced by older LGBT people living in nursing and residential care homes. It investigates ways in which these environments construct and perpetuate heteronormativity by addressing the needs of heterosexual residents, while at the same...

June 16, 2023
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09Jun

Projections of the Size and Composition of the U.S. Population: 2014 to 2060

By Sandra L. Colby & Jennifer M. Ortman  Between 2014 and 2060, the U.S. population is projected to increase from 319 million to 417 million, reaching 400 million in 2051. The U.S. population is projected to grow more slowly in future decades than in the recent past, as these projections assume that fertility rates will continue to decline and that there will be a modest decline in the overall rate of net international migration. By 2030, one in five Americans...

June 9, 2023
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05Jun

Elderly Outnumber 20-Somethings in Korea’s Workforce

For the first time ever senior citizens outnumber 20-somethings in Korea's workforce after decades of low birthrates and an aging society.According to Statistics Korea, 3.38 million people over 60 were employed in the fourth quarter of last year, up 284,000 from the same period of 2021. But only 3.22 million Koreans in their 20s were employed, down by 36,000 over the same period.It was the first time in seven quarters that the number of young workers declined.That brought the...

June 5, 2023
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May 2023
31May

China. From demographic dividend to talent dividend

Population aging is a distinct demographic phenomenon in the 21st century, with declining fertility and increasing life expectancy combining to raise the share of elderly people in the total population of many countries. But unlike in Western developed countries, China's total fertility rate has declined drastically within a short period of time — from more than 6.0 in the late 1960s to 2.1 in 1991 and 1.6-1.7 since 1994 to 1.07 in 2022. In comparison, the total fertility rate is...

May 31, 2023
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25May

Longevity, A $56 Trillion Opportunity. With Andrew Scott

In unguarded moments, politicians occasionally wish that retired people would "hurry up and die", on account of the ballooning costs of pensions and healthcare. Andrew J Scott confronts this attitude in his book, “The 100-Year Life”, which has been sold a million copies in 15 languages, and was runner up in both the FT/McKinsey and Japanese Business Book of the Year Awards. Scott joined the London Futurists Podcast to discuss his arguments. Scott is a professor of economics at the...

May 25, 2023
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19May

Can the Australian Judicial System Meet the Structural Challenges of Future Population Change?

By Brian Opeskin  This article examines the impact of population change on the evolution of the Australian judicial system. Through four case studies, it argues that demography is an important but overlooked lens through which to understand pressures on the judicial system over coming decades. The case studies examine the impact of increasing life expectancy on judicial tenure; of population ageing on judicial pensions; of international migration on judicial diversity; and of population redistribution on the spatial delivery of justice...

May 19, 2023
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18May

Hong Kong: Older people are increasingly choosing to work longer

People nearing or past age 65 are increasingly choosing to work longer. Between 2011 and 2021, the share of labour force participants aged 55 to 64 years rose from 49% to 59%, and that of people aged 65 and over more than doubled, from 6.2% to 12.5%, according to a report released by Prudential plc. Financial need is a major motivator in Hong Kong in the decision to prolong one’s working life, as lifespans in Hong Kong grow longer, says...

May 18, 2023
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