Population Aging, Productivity, and Living Standards

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Population Aging, Productivity, and Living Standards

In: The Review of Economic Performance and Social Progress 2002: Towards a Social Understanding of Productivity

Author Info

William Scarth (Professor of Economics, McMaster University)

Abstract

In this chapter, William Scarth examines the relationship between population aging, productivity and growth in living standards and reaches a more optimistic conclusion about the effects of aging on productivity. Indeed, he finding that aging may in fact lead to increases in productivity, even if no policy initiative is taken. He argues that our economy possesses at least three adjustment mechanisms that insulate living standards from the adverse effects of an aging population.

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This chapter was published in: Andrew Sharpe, Executive Director & France St-Hilaire, Vice-President , Research & Keith Banting, Director (ed.) The Review of Economic Performance and Social Progress 2002: Towards a Social Understanding of Productivity, Centre for the Study of Living Standards, pages , 2002.

This item is provided by Centre for the Study of Living Standards & The Institutute for Research on Public Policy in its series The Review of Economic Performance and Social Progress with number v:2:y:2002:bs.

Handle: RePEc:sls:repsls:v:2:y:2002:bs

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This chapter was published in the following book, which is listed on IDEAS:

Keywords: Aging; Ageing; Population Aging; Demography; Demographic Shift; Baby Boomers; Baby Boom; Dependence; Indebtedness; Debt; Investment; Productivity; Simulation; Growth; Consumption;

Find related papers by JEL classification:
J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-02-23 (All new papers)
NEP-HEA-2004-02-23 (Health Economics)

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