Aging in the United States and South Korea: Reexamining the Recommendations of the Commission on Global Aging
In 2002, the Commission on Global Aging, a blue-ribbon panel co-chaired by former U.S. Vice President Walter Mondale, former Japanese Prime Minister Ryutaro Hashimoto and former Deutsche Bundesbank Chairman Karl Otto Pöhl, issued its report outlining a series of policy recommendations for addressing the adverse economic and financial consequences of population aging across different regions and countries. Read More
Every industrial country is either considering or in the process of implementing major reforms to the web of pension, healthcare and social service programs for the aged sometimes called the ‘generational contract’. In the 1960s and 1970s, policy makers could reasonably assume that any sacrifices they imposed on younger and future generations in the name of dependent elders would be more than offset by rising incomes.