The modern welfare state is indeed one of the greatest achievements of the post-war 20th century, with its key aims of eradicating the five giant social ills of Want, Ignorance, Disease, Squalor and Idleness. In the case of old-age security, a balance is being achieved (or not) by the so-called Generation Contract. This social pact is more of an implicit, unwritten and unspecified social contract. This ground-breaking book demonstrates how countries are addressing population-ageing challenges in depth, using the case study of Austria to gain the required complexity and differentiation in a comparative European framework of empirical evidence.
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