Going grey, staying skilled
by Marco Paccagnella Analyst, Directorate for Education and Skills, OECD The population is “greying” in most advanced countries as well as in some developing countries. Many governments are struggling to address the challenges resulting from this demographic transition, from rising costs of healthcare, to worries about the sustainability of pension systems. Increased life expectancy represents one of the great achievements of modern societies: living longer and better has been a dream of past generations. At the same time, it implies changes to many aspects of life. To finance retirement incomes and aged care, many governments have reformed their pension provisions and are asking individuals to work longer for less-generous pensions and to contribute more to the costs of care. When such reforms are passed during times of sluggish economic growth and rising unemployment, they tend to create discontent not only among older workers (who may long to retire), but also among younger adults, ...