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Toward Disentangling Policy Implications of Economic and Demographic Changes in Canada's Aging Population

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  • Susan A. McDaniel
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    Abstract

    Demographic change and policy reorientation are often conflated with economic and social changes in anticipating the social and policy implications of demographic aging. In this paper, an attempt is made to begin to disentangle these factors to gain a clearer sense of the implications of population aging for social and policy responses. Analyzed here are selected socio-economic changes that intervene in the connection of demographic aging to policy, such as actual working patterns by age, education to work timing, retirement patterns, productivity shifts, pension investment shifts, policy changes such as the move toward economic liberalism and away from redistribution and social protection, changing family patterns, and shifts among generations in terms of wealth inequality. These are related to shifts in demographic age structures. Data which are more illustrative than the analytical focus of the paper, come largely from various Statistics Canada sources.

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    Bibliographic Info

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

    Volume (Year): 29 (2003)
    Issue (Month): 4 (December)
    Pages: 491-509

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    Handle: RePEc:cpp:issued:v:29:y:2003:i:4:p:491-509

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    1. F.T. Denton & C. Feaver & B.G. Spencer, 1996. "The Future Population of Canada and Its Age Distribution," Quantitative Studies in Economics and Population Research Reports, McMaster University 317, McMaster University.
    2. Ellen M. Gee & Susan A. McDaniel, 1991. "Pension Politics and Challenges: Retirement Policy Implications," Canadian Public Policy, University of Toronto Press, University of Toronto Press, vol. 17(4), pages 456-472, December.
    3. J. C. Herbert Emery & Ian Rongve, 1999. "Much Ado About Nothing? Demographic Bulges, The Productivity Puzzle, And Cpp Reform," Contemporary Economic Policy, Western Economic Association International, vol. 17(1), pages 68-78, 01.
    4. Heisz, Andrew, 2002. "The Evolution of Job Stability in Canada: Trends and Comparisons to U.S. Results," Analytical Studies Branch Research Paper Series 2002162e, Statistics Canada, Analytical Studies Branch.
    5. Paul Beaudry & David Green, 1997. "Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends," NBER Working Papers 6132, National Bureau of Economic Research, Inc.
    6. Michael Baker & Jonathan Gruber & Kevin Milligan, 2003. "The retirement incentive effects of Canada's Income Security programs," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 36(2), pages 261-290, May.
    7. John Geanakoplos & Michael Magill & Martine Quinzii, 2002. "Demography and the Long-run Predictability of the Stock Market," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 1380R, Cowles Foundation for Research in Economics, Yale University, revised Jul 2004.
    8. David Cheal, 2000. "Aging and Demographic Change," Canadian Public Policy, University of Toronto Press, University of Toronto Press, vol. 26(s2), pages 109-122, August.
    9. David K. Foot & Rosemary A. Venne, 1990. "Population, Pyramids and Promotional Prospects," Canadian Public Policy, University of Toronto Press, University of Toronto Press, vol. 16(4), pages 387-398, December.
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    Cited by:
    1. Brett, Craig, 2008. "The effects of population aging on optimal redistributive taxes in an overlapping generations model," MPRA Paper 8585, University Library of Munich, Germany.

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