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  1. Home
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  3. The Economic Implications of Aging Societies
  • Cited by 30
Publisher:
Cambridge University Press
Online publication date:
August 2009
Print publication year:
2005
Online ISBN:
9780511510960
DOI:
https://doi.org/10.1017/CBO9780511510960
Subjects:
Economics, Macroeconomics, Organisational Sociology, Sociology
Information

Book description

The world is getting older and no one knows exactly what life will be like in tomorrow's older societies. But we do know that age dependency ratios - the ratio of retirees to workers - will be much higher than we see today. The implications of this trend are plain. The combined effects of fewer workers, more retirees and longer retirement periods threaten not only the sustainability of pension systems but also the broader economic prospects of many developed countries. This book describes trends in birth rates, longevity and labor force participation and productivity, the cross-border flow of capital, the globalization of labor markets, the financial viability of social insurance programs, and the ways economic output is shared between working-age and retiree populations. Our most effective solution will likely be a multifaceted one: more workers, longer careers, higher productivity, and more global exchange and cooperation.

Reviews

'… 'perhaps the most comprehensive analysis to date of the macroeconomic implications over the next few decades of current demographic trends in a wide range of countries.' The material is presented in a highly readable, informative, and non-partisan format that draws the reader inexorably through the maze of issues and their potential solutions.'

Source: The Journal of PEF

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