Uruguay's population is slowly aging, driven by the demographic transition that started early in the 20th century. While this reflects significant improvements in mortality and fertility trends, it also creates important challenges for the fiscal sustainability of some social policies and for sustaining medium- and long-term economic growth. Uruguay is going through the "demographic dividend" stage of this process as the proportion of the population ages 15-65 peaks. This temporary situation creates the possibility of increasing the endowment of capital and the labor force and sparking...