When a population grows older, it can impact the number of young people in the workforce. This "demographic dividend" is a fancy term for the boost in economic growth that comes from having lots of workers. As this dividend shrinks, it might affect how innovative a region can be. Why does this matt
Ever thought about why current pension systems might not work as well as they could? A big issue is that they don't consider how much each person has contributed to raising the next generation. This is a problem because the current pay-as-you-go (PAYG) system treats everyone the same, even if they d
Imagine if our pension system worked differently. Instead of today's pay-as-you-go (PAYG) method, what if pensions were funded by human capital investments? The PAYG system has a major flaw—it ignores who contributes to raising the next generation and even whether they do at all. This study suggests
Indonesia has been on a rollercoaster ride of economic growth, with a yearly GDP increase of 5%. This achievement is not enough, according to Finance Minister Sri Mulyani Indrawati, to help the country become a high-income nation. The government aims to achieve this goal by 2045, as part of its "Gol
