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Across high-income countries, fertility rates have fallen to record lows. In exploring this phenomenon, the key policy questions are: 1) why is this trend occurring? and 2) what, if anything, can be done to reverse it? For example, the finances of pay-as-you-go programs like Social Security are adversely affected by falling fertility, with fewer workers…
In early December, President Trump discussed developing a national retirement savings system like Australia’s superannuation program. Australia certainly has an enviable retirement system. In fact, the latest Mercer CFA Institute Global Pension Index awards the Australian system a B+, while the U.S. system gets only a C+…
