9/30/2014 – Why an aging population may be good for innovation

The conventional wisdom is that an aging population is a net drag on a nation’s economic competitiveness. America, these naysayers point out, is almost ready to fall off a demographic cliff once the aging Baby Boomers start retiring. But in a paper published by the journal PLOS ONE, a group of international researchers at the IIASA, the Max Planck Institute and the University of Washington proposed exactly the opposite: In a Western, industrialized democracy, having an aging population might actually turn out to be a competitive advantage.

Read the full article t The Washington Post.