Worldwide Pension Reform

As most people can see, the old Europe has faced severe problems in their social welfare policies. The assiduous system has grown into an unbearable burden to the governments. According to Bloomberg, the German government plans to spend a thrid of this year's budget to top up the pension account.

Not only in Europe, the decrease of birth rate and old aging are the critical issues to the current pension system in every country. Taiwan launched its new pension system in last July, and China also reformed its pension system in 1997 and again in 2005.

Are the new generations going to pay more and receive less in their life? How can we solve those problems in time, if we are responsible enough?

That is my interest and the research which I would like to do in the near future.