Torture, war, elections. Let’s talk about birdwatching for a bit.
Twitchers. The term is British. When a rare bird shows up, twitchers are people who will drop everything and rush to the scene.
They used to have phone trees, then for a while it was beepers. It’s cell-phones and e-mail now. Here [...]

That’s the dilemna posed by the latest paper from Laurence Kotlikoff Hans Fehr and Sabine Jokisch: Will China Eat Our Lunch or Take Us to Dinner. Simulating the transition paths of economies in the U.S., EU, Japan, and China the paper develops a dynamic, life-cycle, general equilibrium model to study their interdependent demographic, [...]

Opening my McKinseyQuarterly Newsletter today, I find an interesting link to the McKinsey Global Institute’s latest contribution (free, but registration required) to the question whether Globalization is actually civilizing, destructive, or feeble - as Wharton’s Mauro Guillen put it in this paper with reference to Albert Hirschman’s analysis of the shifting social value attributed to [...]

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At Moody’s we spend a great deal of time studying the issue of pension burdens for countries around the world.

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To prepare for the upcoming demographic transition, [...]