Foreign Affairs - The Global Baby Bust - Phillip Longman

Foreign Affairs - The Global Baby Bust - Phillip Longman: "Both common sense and a vast literature in finance and psychology support the claim that as one approaches retirement age, one usually becomes more reluctant to take career or financial risks. It is not surprising, therefore, that aging countries such as Italy, France, and Japan are marked by exceptionally low rates of job turnover and by exceptionally conservative use of capital."