Demography
Hervé Le Bras advocates immigration for pay-as-you-go pensions
In a Le Monde op-ed, demographer Hervé Le Bras argues that immigration is a miracle solution against the falling birth rate threatening pension funding. He contrasts the solidarity of pay-as-you-go systems with individualistic capitalization. The active generation, he says, consumes for its children and pays retirees' pensions.