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The Financial Consequences of Population Aging

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  • Jacques Henripin
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    Abstract

    During the next five decades, Western populations will inexorably get older. Even if other phenomena are taken for granted, the lower the fertility, the more the aging process will be accentuated. One can expect large increases in public health costs and pension benefits that tax payers will bear, and that will be only partially compensated by a reduction in education cost. However, three measures could reduce these cost increases and the effect of each of them is estimated. As to the possibility that increasing productivity will check the growth of costs, the author has some reservations which challenge the conclusions of many former studies.

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    Bibliographic Info

    Article provided by University of Toronto Press in its journal Canadian Public Policy.

    Volume (Year): 20 (1994)
    Issue (Month): 1 (March)
    Pages: 78-94

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    Handle: RePEc:cpp:issued:v:20:y:1994:i:1:p:78-94

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    1. M. S. Marzouk, 1991. "Aging, Age-Specific Health Care Costs and the Future Health Care Burden in Canada," Canadian Public Policy, University of Toronto Press, vol. 17(4), pages 490-506, December.
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    Cited by:
    1. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Economic Costs: A Survey of the Issues and Evidence," Social and Economic Dimensions of an Aging Population Research Papers 1, McMaster University.
    2. Frank T. Denton & Byron G. Spencer, 1998. "Economic Costs of Population Aging," Independence and Economic Security of the Older Population Research Papers 32, McMaster University.
    3. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Costs: A Survey of the Issues and Evidence," Department of Economics Working Papers 1999-03, McMaster University.

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