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Unless Japan's productivity rises faster than its workforce declines, which seems unlikely, its economy will shrink.
If Sweden's workforce declines, which could easily happen, then benefits will have to be cut still further.
That will necessitate cutting benefits and encouraging private provision for pensions and healthcare, as the workforce declines and the number of pensioners grows.
Another convert: Towers Watson, the big pension consultancy, which through its Telos Project (pdf) promotes portfolio management that purports to account for transformational changes like slowing growth in developing economies; aging and workforce declines in developed countries; and resource scarcity and ecosystem pressure.
The model produces the odd result that the cost of the health workforce declines from 2010 to 2015.
Among UK-qualified doctors, the probability of leaving the workforce declines up to age 40 45 years (the 'turning point'), then increases.
Similar(52)
According to Bangladesh Bureau of Statistics data, agricultural employment as a percentage of the workforce declined from 52% in 2002 to 48% in 2010.
Labour historians note that during Meany's term as AFL-CIO president, union membership as a percentage of the nonagricultural U.S. workforce declined from 33 percent in 1955 to 23 percent in 1979.
In other words, it isn't just an "opt-out" situation, with today's wives leaving the workplace to raise children in larger numbers than their mothers did: That phenomenon may exist, but it isn't the big driver of workforce decline.
There has been much focus on factors influencing medical students' career choice, prompted by such concerns as a sufficient future surgical workforce, declining applicant pool, changing gender composition, and a cultural shift in values and priorities.
Washington is expected to see a workforce decline of 800 to 1,200.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com