Aging Europe

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Enablers:

• Advance medicine and preventions
• High living standards and conditions
• More health awareness
• Declining birth of new babies

Inhibitors:

• Productivity growth in European countries
• European Labour Market Reform, more flexible labour policies and increase the incentives to work
• Support and facilitate very talented people not only the people whom we think need help.
• Attract talented people from around the world.
• Create a climate of entrepreneurship.
• Attenuate immigration policies for talented people whom like to stay in Europe.
• Create world-class educational institutions.
• Getting more woman into the workforce

Paradigms:

The aging of European populations will threaten living standards and prosperity. A new sort of welfare state needs to arise. However, the European members are still scattered on which fundamentals they have to build this new welfare state. A model based on individualism and collective facilities only accessible for the more prosperous civilians like the American model or a more Northern Europe (Scandinavian) approach, a model based on solidarity and unity with collective facilities for all its civilian.

Experts:

• United Nations
• EU
• Organization for Economic Cooperation and Development
• Centraal burau voor de statistieken (CBS) for Dutch figures and trends

Timing:

• 2000: Trend identified
• 2005: Several parties and governmental institutions have done research on this matter and they all show that action is needed.
• 2010: Period in which the steepest increase of people turning 65 years or older is expected
• 2020 - 2025: One in five Europeans will be more than 65 years old.

Web Resources:

• Anti-aging Europe
• BusinessWeek - Global Aging
• McKinsey The economic impact of an aging Europe
• MGI The Coming Demographic Deficit: How Aging Populations Will Reduce Global Savings
• OECD
• The Economist - The economic power of women
• The Economist - Women and the world economy
• The New York Times - An Aging Europe May Find Itself on the Sidelines 1 2