Industry WIKI

Generational contract (also inter-generational contract) is a concept used in the research of the relations between generations within a society. It refers to an agreement or consensus regarding the roles and mutual responsibilities of different age groups or generations. The contract governs the relationships between overlapping generations and works to produce benefits for all age grou

The pensions crisis, or pensions time bomb is the predicted difficulty in paying for corporate or government pension benefits in various countries, due to a mismatch between pension obligations and the resources set aside to fund them. The basic difficulty of the pension problem is that institutions must be sustained over far longer than the political planning horizon. Shifting demograph