Franklin

Aging and the macroeconomy : long-term implications of an older population / Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, Board on Mathematical Sciences and Their Applications, Division on Engineering and Physical Sciences, Committee on Population, Division of Behavioral and Social Sciences and Education, National Research Council of the National Academies.

Author/Creator:
National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population.
Publication:
Washington, D.C. : National Academies Press, c2012
Format/Description:
Book
xvi, 239 p. : ill. ; 23 cm.
Subjects:
Population aging -- Economic aspects -- Mathematical models.
Age distribution (Demography) -- Economic aspects -- United States.
Older people -- Economic conditions -- Forecasting.
Older people -- Government policy -- Economic aspects.
Summary:
"The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape"-- Publisher's summary.
Contents:
Introduction
Overview
Demographic Trends
Health and Disability in the Working-Age and Elderly Populations
Labor Force Participation and Retirement
Aging, Productivity, and Innovation
Saving and Retirement Security
Capital Markets and Rates of Return
The Outlook for Fiscal Policy
Research Recommendations
References
Appendixes
Appendix A: Population and Related Projections Made by the Committee
Appendix B: Biographical Sketches of Committee Members.
Notes:
Includes bibliographic references (p. 201-215).
Contributor:
National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population.
ISBN:
0309261961
9780309261968
OCLC:
813210731
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