The economics of ageing

Dean of the SMU School of Economics Professor Bryce Hool said that Singapore is ageing more rapidly than any other country in the world. He adds that between now and 2050, the number of elderly relative to the working population is expected to quadruple. “This makes the issue urgent for Singapore, particularly because of the economic implications. The central focus of SMU Sim Kee Boon Institute for Financial Economics’ Centre for Silver Security will be retirement readiness, based on the hypothesis that a significant number of Singaporeans are not adequately prepared for retirement, economically,” says Prof Hool.