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public lecture
This public lectures is free and requires no tickets. For further information about our lectures please contact Jo Cantlay, tel: +44(0)20-7955-7285 or email: j.m.cantlay@lse.ac.uk
![[photo]](/images/news/adair_turner.jpg)
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THURSDAY 6 NOVEMBER 2003, 6:00PM
Adair Turner, Vice-Chairman, Merrill Lynch Holdings Ltd
'Demographics, economics and social choice'
slides in MS Powerpoint | lecture notes in Adobe PDF
From Adair Turner's Lecture to the Actuarial Profession, 2nd September 2003:
slides in MS Powerpoint | lecture notes in Adobe PDF
Increased longevity and low birth rates in developing countries imply rising old age dependency ratios unless one of three responses occurs: rising retirement age, recovery of birth rates, or immigration.
If dependency ratios do rise, maintaining pensioner income requires either higher taxes or higher saving rates now or in the future. But the macroeconomic and political feasibility of savings or tax-based approaches is uncertain. Raising retirement ages requires changed workplace attitudes. And there are major social and economic issues involved in fertility- and immigration-focused policies with significant possible implications for total population levels.
Adair Turner's lecture will explore these economic and social issues created by demographic changes in Britain and at a global level.
Adair Turner is vice-chairman of Merrill Lynch Europe, a director of United Business Media plc, chair of the Low Pay Commission and chair of the Independent Pension Commission. He is also a visiting professor at the LSE and Chair of the CEP Policy Committee.
Venue: Old Theatre, Old Building, LSE, Houghton Street, WC2A 2AE
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