Fiscal Sustainability and Social Cohesion in the Face of Demographic Change

  • Focus Area -
  • Type Think20 (T20)
  • Date 9 May 2020
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Abstract

The Group of 20 (G20) countries are experiencing or starting to experience the impacts of demographic change on their economies. The reduced working population in the G20’s aging societies necessitates a social transition to maintain labor productivity and fiscal sustainability. Given this situation, this policy brief recommends four proposals to tackle the demographic challenges on the economy: 1) improve productivity through enhanced labor participation and investment in human capital; 2) Invest in education to prepare future generations; 3) strengthen fiscal frameworks to prepare young societies to deal with the demographic transition; and 4) develop comprehensive reform for public pension and healthcare schemes in the light of demographic changes.

Authors

Cian Mulligan

Cian Mulligan

Senior Research Associate Cian contributes to the KAPSARC initiative on Productivity and Economic Diversification in Saudi Arabia. His current work focuses on economic… Cian contributes to the KAPSARC initiative on Productivity and Economic Diversification in Saudi Arabia. His current work focuses on economic diversification in Saudi Arabia, labor dynamics in GCC countries, gender employment gaps in the GCC, and policy recommendations for Saudi Vision 2030 goals. Before joining the center, he worked as an energy analyst in Vienna. Most recently, he served as the editor of Intereconomics Review of European Economic Policy in Hamburg, where he worked with academics all over the world to publish and promote diverse research topics for a policy-oriented readership.

Expertise

  • Labor Economics
  • Demography
  • Policy analysis.

Publications See all Cian Mulligan’s publications

SL

Sara Lechtenberg-Kasten

زميل باحث عذرًا، هذا المحتوى متوفر فقط باللغة الإنجليزية عذرًا، هذا المحتوى متوفر فقط باللغة الإنجليزية

Chul Ju Kim

Chul Ju Kim

Pitchaya Sirivunnabood

Pitchaya Sirivunnabood

Yong Jun Baek

Yong Jun Baek

Karen Young

Karen Young

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