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The Economic Implications of Aging Societies

Author

Listed:
  • Nyce,Steven A.
  • Schieber,Sylvester J.

Abstract

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.

Suggested Citation

  • Nyce,Steven A. & Schieber,Sylvester J., 2005. "The Economic Implications of Aging Societies," Cambridge Books, Cambridge University Press, number 9780521851534.
    • Handle: RePEc:cup:cbooks:9780521851534
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    Citations

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    Cited by:

    1. Zakir Husain & Mousumi Dutta & Nidhi Chowdhary, 2014. "Is Health Wealth? Results of a Panel Data Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 117(1), pages 121-143, May.
    2. Christophe Hachon, 2010. "Éducation et progressivité des systèmes de retraite. Quand les inégalités face à la mort comptent," Revue économique, Presses de Sciences-Po, vol. 61(4), pages 751-769.
    3. Christophe Hachon, 2008. "Redistribution, Pension Systems and Capital Accumulation," Financial Theory and Practice, Institute of Public Finance, vol. 32(3), pages 339-368.
    4. Manfred Perlitz & Lasse Schulze & Christina B. Wilke, 2010. "The demographic and economic transition in Central and Eastern Europe – Management implications," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 149-176.
    5. Narottam Gaan, 2021. "Twenty-First-Century Hyper-power, China or USA: Is Demography the Determinant?," Jadavpur Journal of International Relations, , vol. 25(2), pages 143-166, December.
    6. Menz, Tobias & Welsch, Heinz, 2010. "Population aging and environmental preferences in OECD countries: The case of air pollution," Ecological Economics, Elsevier, vol. 69(12), pages 2582-2589, October.
    7. Sylvester J. Schieber, 2010. "Aging Populations, Pension Operations, Potential Economic Disappointment and Its Allocation," NBER Chapters, in: Demography and the Economy, pages 293-325, National Bureau of Economic Research, Inc.
    8. Peter Mayerhofer & Matthias Firgo & Stefan Schönfelder, 2015. "Vierter Bericht zur internationalen Wettbewerbsfähigkeit Wiens," WIFO Studies, WIFO, number 60625, April.
    9. Christophe Hachon, 2008. "Do Redistributive Pension Systems Increase Inequalities and Welfare?," Working Papers halshs-00285040, HAL.
    10. Yan Wang & Feng Hao & Yunxia Liu, 2021. "Pro-Environmental Behavior in an Aging World: Evidence from 31 Countries," IJERPH, MDPI, vol. 18(4), pages 1-13, February.
    11. Christophe Hachon, 2008. "Redistribution, Pension Systems and Capital Accumulation," Working Papers halshs-00279167, HAL.
    12. R. Rupeika-Apoga & I. Romanova & L. Bule & Y.E. Thalassinos, 2019. "The Impact of Population Ageing and Social Stratification: The Case of Latvia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 49-63.
    13. John Laitner & Dmitriy Stolyarov, 2005. "Technological Progress and Worker Productivity at Different Ages," Working Papers wp107, University of Michigan, Michigan Retirement Research Center.
    14. Husain, Zakir & Ghosh, Saswata, 2010. "Is health status of elderly worsening in India:A comparison of successive rounds of National Sample Survey data," MPRA Paper 25747, University Library of Munich, Germany.
    15. Yuriy Gorodnichenko & John Laitner & Jae Song & Dmitriy Stolyarov, 2013. "Technological Progress and the Earnings of Older Workers," Working Papers wp280, University of Michigan, Michigan Retirement Research Center.

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