The Economic Implications of Aging Societies

Cambridge University Press

The Economic Implications of Aging SocietiesThe Costs of Living Happily Ever After\nAuthor(s): Steven A. Nyce, Sylvester J. Schieber\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521617246, 978-0521617246\nSynopsis\nThe 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 .