The Economic Implications of Aging Societies: The Costs of Living Happily Ever After

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9780521617246: The Economic Implications of Aging Societies: The Costs of Living Happily Ever After
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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 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 analysis describes current 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.

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The Economic Implications of Aging Societies describes current trends in birth rates, longevity and labor force participation and their implications for various societies' economic prosperity. The study projects a future with too few workers, too many retirees and possibly not enough economic goods and services to satisfy the aspirations of the citizenry in many developed economies. It raises profound questions about labor 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.

About the Author:

Steven A. Nyce is a Senior Retirement Research Associate with the Research and Information Center of Watson Wyatt Worldwide in Washington, DC. Dr Nyce joined Watson Wyatt in 2000 upon completion of his PhD in economics from the University of Notre Dame, Indiana. He has written numerous articles and spoken regularly at public and private forums on the impacts of demographic aging on the developed economies. His research also includes the study of behavioral aspects of private pensions and public and private retirement policy.

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9780521851534: The Economic Implications of Aging Societies: The Costs of Living Happily Ever After

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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2005. Paperback. Condition: New. New.. Language: English . Brand New Book ***** Print on Demand *****. 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. Seller Inventory # AAV9780521617246

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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2005. Paperback. Condition: New. New.. Language: English . Brand New Book ***** Print on Demand *****.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. Seller Inventory # AAV9780521617246

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