How to create sufficient pension benefits for all European citizens
From Labour Supply to Labour Productivity
By Maria Economou
|MARIA ECONOMOU is Chairperson of the Social Security sub Committee of the Actuarial Association of Europe (AAE)
Senior Consultant & Actuary at Aon Solutions Greece
The EU’s working age population has been shrinking for a decade and this is projected to continue.
The population at working age (20–64 years of age), would shrink in all Member States as a proportion of the overall population. Whereas in 2019 people of working age represented 59% of the EU population, this share would fall to 51% by 2070.
This article represents the opinion of the author, and not necessarily the opinion of the AAE.
This article was published in The European Actuary No. 30 – June 2022