Old Europe
A look ahead to the twenty-first century
With rising life expectancy, stagnating working-age populations, and low birth rates, Europe faces a demographic challenge in the next fifty years the likes of which it has never known. For the economy, this will mean a shortage of local workers, a lack of skilled workers, and shifts in sectoral demand. One solution – to raise the age of retirement – presupposes a functioning labour market for older potential employees that in large parts of Europe does not exist. An overview of the problems of and solutions to an ageing Europe.