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The Economic Implications of Aging Societies

The Costs of Living Happily Ever After

The Economic Implications of Aging Societies by Steven A. Nyce
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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.
Cambridge University Press; January 2005
424 pages; ISBN 9780511109010
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Title: The Economic Implications of Aging Societies
Author: Steven A. Nyce; Sylvester J. Schieber
 
ISBNs
0511109016
9780511109010
9780521851534