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In the coming decades, the aging of European population will continue at a rapid pace. The National Transfer Accounts (NTA) methodology breaks down the income and consumption by age to analyze the impact of population aging on economic sustainability and economy in general. This chapter uses fully comparable results of NTA for 25 European Union countries in 2010 to indicate the potential increase in dependency in the future given the current institutional setting. Next to the conventionally defined demographic dependency ratio, we add (1) the NTA dependency ratio using the age patterns of production and consumption in the market and (2) the National Time Transfer Accounts dependency ratio using age patterns of production and consumption originating from unpaid work that is mostly provided within the households. The authors show that imbalances will originate from the impact of population aging on market part of the economy. Further, some imbalances will also be coming from unpaid work but of much lesser extent.

To learn how Inuvialuit people feel about the oil and gas activities on their land.

Interviews were administered to a stratified sample, on Inuvialuit land. Participants included: Inuvialuit elders; entrepreneurs; public servants; employees of the private sector; managers of oil companies; unemployed persons; housewives; the mayor of Inuvik; and the first aboriginal woman leader in Canada.

It was reported that oil and gas industry activities are having a positive impact on the regional economy, creating indirect as well as direct financial benefits for the Inuvialuit among others. However, some residents qualified their support saying that they are in favour of continued activity only if benefits filter to them as opposed to being enjoyed only by oil companies and migrant employees. Concern was also expressed for the environment and for the threat that development brings to wildlife upon which people rely on as a food source.

This study should have a longitudinal follow‐up.

While oil and gas exploration and the building of a pipeline may have economic advantages, this might have social, cultural and environment costs for the Inuvialuit.

The paper illustrates how oil and gas activities on Inuvialuit land will transform the lives of these people.