In the context of globalisation and ageing, everybody agrees that short term measures have no future. Since 1960 the average pension length has gone from 8 to more than 20 years. It is expected that in the coming 40 years there will be tree times less actives for every pensioner.

Where is our labour market going in the 21st century? How do we handle ageing and globalisation successfully? Can we finally push back mass unemployment? Can we combine more flexibility with more security? Can we make older people work more? Can we finally include foreigners in the labour force?

Koen De Leus offers a technical assessment of the probability that the retirement of the baby boom generation will lead to asset meltdown on the European financial markets because of changes in saving patterns.

Marc De Vos and Koen De Leus analyze the interaction between the development of pension saving and ageing for Belgium. Second pillar retirement saving is necessary but does not solve the acute social shortcomings of the Belgian pension landscape.