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Aging, Savings, and Pensions in the Group of Seven Countries: 1980—2025

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  • Heller, Peter S.

Abstract

In the next 30 to 40 years, past changes in fertility and mortality will lead to a significant increase in the share of the elderly. This study suggests that these demographic trends may lead to a decline in the G–7 private savings rate after 2000, compounding the impact of social expenditure pressures on the government's deficit. Moreover, public pensions may decline as a share of the consumption needs of the elderly, leading to financial pressures to reduce their consumption. The reduced burden of child support on the working population will not offset the increased burden of societal support for the elderly.

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  • Heller, Peter S., 1989. "Aging, Savings, and Pensions in the Group of Seven Countries: 1980—2025," Journal of Public Policy, Cambridge University Press, vol. 9(2), pages 127-155, April.
    • Handle: RePEc:cup:jnlpup:v:9:y:1989:i:02:p:127-155_00
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    Cited by:

    1. Neha Jain & Srinivas Goli, 2022. "Demographic change and private savings in India," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 24(1), pages 1-29, June.
    2. Pedro Tonon Zuanazzi & Adelar Fochezatto & Marcos Vinicio Wink Junior, 2018. "Social Security Reform and Personal Saving: Evidence from Brazil," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(9), pages 1-26, September.
    3. repec:idb:brikps:7677 is not listed on IDEAS

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