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An inter-generational WMD?

POLITICIANS and social commentators periodically fret about the growing burden of our ageing population. They worry the increasing proportion of retirees compared to the working-age population will eventually give rise to inter-generational conflict, as the elderly demand more government services, particularly healthcare, than the young can afford to provide. <b>By Peter Gibson</b>

An inter-generational WMD?

Such fears provide good copy for newspapers, but they are largely unfounded. While the dependency ratio is increasing, most observers miss the point that this ratio does not measure the economic dependency...

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