The new Center for Growth and Opportunity at Utah State University presents world-renowned financial economist Dr. Eytan Sheshinski in a discussion to be held Thursday at 1:30 p.m. in the Eccles Conference Center on campus as part of the inaugural Excellence in Innovation speaker series.
Dr. Sheshinski will talk on a variety of related topics, but his area of scholarly focus is on public finance economics with an emphasis on insurance markets, Social Security and pension systems. He was a guest on KVNU’s For the People program on Wednesday. He said with the large baby boomer population, the public pension system doesn’t just pose a problem in this country but around the world.
“The issue of increased longevity, life expectancy, people want to retire somewhat earlier, live longer and the demography is such that the birth rate is going down and therefore fewer people to support the elderly,” said Dr. Sheshinski. “This is a worldwide problem. It’s called the problem of the aging which, paradoxically, it should be a blessing but here we have in public systems that are based on young paying for the old, it’s a problem.”
Dr. Sheshinski said the retirement age has been moved from age 65 to 67 but may need to be increased further. His talk is open to the public and students alike. You can get more information at <a href=”http://GrowthOpportunity.org/Events” target=”_blank”>GrowthOpportunity.org/Events</a>