Published Wednesday, January 24, 2007 by Oskari Juurikkala
Social security schemes around the developed world are facing a major crisis due to greater longevity, declining retirement ages and — lo and behold — below-replacement fertility rates, writes Oskari Juurikkala. Unfortunately, low fertility rates do not merely hasten the insolvency of public pay-as-you-go schemes, but lack of offspring also implies the decline of centuries-old nations. What has social security got to do with fertility rates? Actually, a lot.
(Original Text)
Making Kids Worthless: Social Security's Contribution to the Fertility Crisis (2.71 MB)