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Live long and prosper: challenges ahead for an aging population

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Abstract

Over the next thirty years, the percentage of people who are 65 and over will grow rapidly while the percentage of people in their working years will decline. This shift in the age distribution of the population will put enormous pressure on social security systems in the United States, Germany, and Japan as the number of workers whose payroll taxes fund each retiree drops sharply.

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  • Erica L. Groshen & Thomas Klitgaard, 2002. "Live long and prosper: challenges ahead for an aging population," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 8(Feb).
    • Handle: RePEc:fip:fednci:y:2002:i:feb:n:v.8no.2
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    References listed on IDEAS

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    1. International Monetary Fund, 2000. "Germany: Selected Issues," IMF Staff Country Reports 2000/142, International Monetary Fund.
    2. Jonathan Gruber & David Wise, 2001. "An International Perspective on Policies for an Aging Society," NBER Working Papers 8103, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Bart Hobijn & David Lagakos, 2003. "Social security and the consumer price index for the elderly," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(May).

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    Social security; Old age;

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