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Live long and prosper: challenges ahead for an aging population

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Author Info
Erica L. Groshen
Thomas Klitgaard

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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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Publisher Info
Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): (2002)
Issue (Month): Feb ()
Pages:
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Handle: RePEc:fip:fednci:y:2002:i:feb:n:v.8no.2

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Related research
Keywords: Old age ; Social security;

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References listed on IDEAS
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  1. Jonathan Gruber & David Wise, 2001. "An International Perspective on Policies for an Aging Society," NBER Working Papers 8103, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Cited by:
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  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, issue May. [Downloadable!]
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This page was last updated on 2009-12-9.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.