Past event

Conference

Transforming Ageing Economies

Opportunities and policy options for prosperous societies

16 May 2011 - 00:00 to 18 May 2011 - 00:00

Chatham House, London

Faced with rapidly ageing populations, many countries are seeking ways to ensure that their economies continue to grow and prosper. The recent financial crisis highlighted the difficulty of providing adequate and affordable old age provision.

Can our economies and societies turn the consequences of rapid ageing into positives?

How can the costs be shared across the generations, and between workers and pensioners?

A greying population need not mean a stagnating economy. Education and skills, labour market, immigration and health policies and employment practices all have a role to play. Imaginative solutions will involve not only the state, but also the private sector and the individuals themselves.

This conference will explore the policies and practices needed to manage and benefit from an ageing population. Given long time frames and present vested interests, it will examine what changes are necessary, and what changes are possible.

  • László Andor

    • Member of the European Commission
  • Mukul Asher

    • Professor, LKY School of Public Policy
  • David Barnes

    • Vice President, Global Workforce Policy
  • Nicholas Barr

    • Professor of Public Economics
  • Patrick Burke

    • Chairman
  • Hilary Cottam

    • Founder and Principal Partner
  • Peter A Diamond

    • Nobel Laureate and Professor of Economics
  • Dr Nicholas Eberstadt

    • Henry Wendt Scholar in Political Economy
  • Francisco Gonzáles de Lena

    • Director of the President’s Office
  • The Lord Hutton of Furness

    • Chair
  • Professor Sarah Harper

    • Director, Oxford Institute of Population Ageing
  • Will Hutton

    • Chief Executive
  • Dr Richard Jackson

    • Director & Senior Fellow, Global Aging Initiative
  • Philippe Legrain

    • Head of the Analysis Team, Bureau of European Policy Advisers
  • Hugh Mitchell

    • Chief Human Resources and Corporate Officer
  • Kosuke Motani

    • Senior Advisor
  • Anne-Sophie Parent

    • Secretary General
  • Vicky Pryce

    • Senior Managing Director
  • Michael Smyth

    • President, Economic and Monetary Union and Cohesion
  • Dr Paola Subacchi

    • Research Director, International Economics
  • Nicholas Timmins

    • Public Policy Editor
  • Steve Webb MP

    • Minister for Pensions
  • Edward Whitehouse

    • Head of Pension Policy Analysis
  • Dr Joachim Wuermeling

    • Former MEP and Secretary of State

This conference will be held under the Chatham House Rule. Information for journalists >>

Press can request a press pass using the form below.

 


 

DAY ONE
Monday 16 May 2011

Session One
Overview

  • What are the economic and social impacts that ageing societies face?
  • How do economies and societies need to change to accommodate a rapidly ageing population?
  • What measures are necessary to offset the consequences?
  • How can an ageing economy use its age profile to best advantage?

09.30 Chair

Keynote Addresses
Dr Nicholas Eberstadt
Henry Wendt Scholar in Political Economy
American Enterprise Institute

Lord Hutton of Furness (on the record)
Chair, Independent Public Pensions Commission, UK

10.15 Discussion

10.45 - 11.15 Refreshments

Keynote Addresses
Laszlo Andor
Member of the European Commission
Employment, Social Affairs and Inclusion

Kosuke Motani
Senior Advisor
Development Bank of Japan

11.55 Discussion

12.20 - 13.20 Lunch

Session Two
Managing Tighter Labour Markets

  • Will future productivity gains be sufficient to compensate for the reduction in the workforce?
  • To what extent can immigration fill labour market shortages?
  • What can be done to reduce labour market inflexibilities and increase workforce participation rates?
  • What role should the private and state sectors play in preparing the young for work and in on-going skills training?
  • What economic role can volunteering play in an ageing society?

13.20 Chair
Nicholas Barr
Professor of Public Economics
London School of Economics

Speaker panel
Francisco Gonzales de Lena
Director of the President's Office
Economic and Social Council of Spain (CES)

Philippe Legrain
Head of the Analysis Team, Bureau of European Policy Advisers
European Commission

Hilary Cottam
Founder and Principal Partner
Participle

14.10 Discussion

14.40 - 15.10 Refreshments

Session Three
Grey Jobs: Challenges and solutions in the workplace

  • How should labour market legislation be adapted to accommodate more flexible working patterns? Is a mandatory retirement age still feasible or desirable?
  • How can organizations adapt their working practices to accommodate an older workforce? What are the current best practice examples?
  • What role can technological innovation play in adapting to an older workforce?
  • What are the constraints to the introduction of more flexible working, and how can these be overcome?

15.10 Chair
Dr Richard Jackson
Director & Senior Fellow, Global Aging Initiative
Center for Strategic & International Studies (CSIS)

Speakers
Nicholas Barr
Professor of Public Economics
London School of Economics

Michael Smyth
President, Economic and Monetary Union and Cohesion
European Economic and Social Committee

Hugh Mitchell
Chief Human Resources and Corporate Officer
Royal Dutch Shell

David Barnes
Vice President, Global Workforce Policy
IBM

16.15 Discussion

16.40 End of Day One drinks reception

DAY TWO
Tuesday 17 May 2011

Session Four
The Cost of Ageing: The role of the state

  • Given current fiscal constraints, how will states cope with rising social benefit costs as their populations age?
  • What is the best role for EU policy given national competencies in this area?
  • How can pension systems be made more European to encourage the mobility of workers and the development of pension funds?
  • What are the most workable models for providing a poverty floor in retirement? At what level should it be set? Should it be means-tested?
  • Can generous pay-as-you-go pensions be transformed into funded schemes?

09.30 Chair
Nicholas Timmins
Public Policy Editor
Financial Times

Keynote Address
Steve Webb MP
Minister for Pensions, UK

Speakers
Mukul Asher
Professor, LKY School of Public Policy
National University of Singapore

Dr Richard Jackson
Director & Senior Fellow, Global Aging Initiative
Center for Strategic & International Studies (CSIS)

10.45 Discussion

11.15 - 11.35 Refreshments

Session Five
Financing Retirement: The role of the individual

  • To what extent can responsibility for old age provision be shifted onto the individual?
  • Should private retirement provision be mandatory?
  • Do individuals have the tools - financial literacy, good advice - to understand the challenge?
  • What role can the private sector play in retirement provision?
  • Is the industry responding to consumer needs?
  • How can broader financial and property wealth provide improved incomes in retirement?

11.35 Chair
Vicky Pryce
Senior Managing Director
FTI Consulting Ltd

Keynote Address
Peter A Diamond (on the record)
Nobel Laureate and Professor of Economics
Massachusetts Institute of Technology

12.10 Speakers
Patrick Burke
Chairman
European Federation for Retirement Provision (EFRP)

Dr Joachim Wuermeling
Former MEP and Secretary of State
Member of the Executive Board of the GDV

Edward Whitehouse
Head of Pension Policy Analysis
OECD

Anne-Sophie Parent
Secretary General
AGE Platform Europe

12.50 Discussion

13.15 - 14.15 Lunch

Session Six
Reforming the Social Model: Providing for the old without robbing the young

Panel discussion:

  • How can society maintain fiscal sustainability of the state and income adequacy for the ageing without over-burdening future generations?
  • What will be the impact of an ageing electorate on the balance of power between the generations?
  • Can the European social model be adapted, or will it break under demographic pressure?
  • As populations age and shrink, how will demand within domestic economies be sustained?

14.45 Chair
Nicholas Eberstadt

Discussants

Dr Richard Jackson

Vicky Pryce

Professor Sarah Harper
Director
Oxford Institute of Ageing

Will Hutton
Chief Executive
The Work Foundation

16.30 End of Conference

© The Royal Institute of International Affairs 2011