We need to rethink social policy in ageing societies due to the increased pressure to redistribute to more old people: invest in the reproduction future tax base! Social security hence needs to address risks associated with reproduction as well as production, which is putting the gender issues high on the agenda. This implies that policies should deal with fertility, education and labour migration, in order to reproduce a large and productive labour force. However, a human capital approach warrants a social dimension to be sustainable: The 'social investment approach' is an attempt to formulate policies aimed at preparing for the future, rather than repairing past mistakes. This is also relevant in a development context.
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