Participation rates of older workers are adjusted in line with implemented pension reforms. In addition, future increases in the pensionable age are assumed by indexing it to projected life expectancy. Convergence is assumed to be linear which translates into annual increases in total hours worked of 0.35% per year from 2016 to 2025 with respect to the baseline scenario. In terms of the growth accounting framework (Box 2.2), increases in hours worked per person translate one-to-one into increases in labour efficiency (Ae) while increase in female labour participation increase labour utilisation [A(n - p)]. Enrolment and duration in higher education are likely to increase and pave the way for a higher accumulation of human capital. In the OECD growth modelling framework (see Box 2.2), human capital is indeed measured as a function of average years of schooling with a decreasing rate of return.