Phillip Rosedale: What I remember Robin injecting into the conversation was to say, "It isn't really about what the system's capabilities are, but instead what it can do for you, what it is for you." She said, "It is a second life that you get to live." I remember hearing that, second life, and being like, "Okay, done. That's it."
Hacked God Mode Second Life
This thesis investigates the effect of demographic changes on the pay-as-you-go (PAYG) pension system. Demographic changes specifically refer to increasing life expectancy and decreasing fertility rates. An increase in life expectancy leads to a rise in the number of pensioners. A decrease in the fertility rate leads to a smaller population financing future PAYG pension payments. Thus, this thesis investigates the extent of the effect of demographic changes on the PAYG pension system and to know if these effects are negative or positive. Based on panel data for 20 Organisation for Economic Co-operation and Development (OECD) countries for the years 1991 to 2017 and using the fixed effects regression model, the effects of life expectancy and fertility rate on PAYG pension expenditure are estimated. It is found that increasing life expectancy adversely affects the PAYG pension system. However, the result obtained for fertility rate shows that it has no statistically significant effect on the PAYG pension system. 2ff7e9595c
Comments