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CESifo Economic Studies Advance Access originally published online on February 20, 2008
CESifo Economic Studies 2008 54(1):55-72; doi:10.1093/cesifo/ifn005
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© The Author 2008. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please e-mail: journals.permissions@oxfordjournals.org

Grey New World: Europe on the Road to Gerontocracy?

Arij Lans Bovenberg*

* Scientific Director, Network for Studies on Pensions, Ageing and Retirement (Netspar), Tilburg University, Tilburg, The Netherlands, e-mail: A.L.Bovenberg{at}uvt.nl

Higher life expectancy and feminization of work have changed the life course. These developments require changes in the way society organizes work and accumulates and maintains human capital over the life cycle. This paper describes various reforms aimed at preventing Europe from becoming a gerontocracy. It also discusses the political challenges associated with reforms aimed at lengthening the working life and protecting fertility. (JEL code: J1)

Key Words: aging • fertility • longevity • feminization of work • life course • human capital • political economy

This article was prepared for the 6th Munich Economic Summit on 21 and 22 June 2007.


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