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Growing up: The Social and Economic Implications of an Aging Population

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Author Info

  • Rock Lefebvre

    ()
    (Certified General Accountants Association of Canada)

  • Amar Goomar

    ()
    (Certified General Accountants Association of Canada)

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    Abstract

    The Canadian population is aging more rapidly than ever before, and that trend has widespread implications for a number of different aspects of Canada's society. This paper explores the possible impact of an aging population on health systems, labour supply, intergenerational relationships, and social and private income security programs. The analysis shows that a number of actions can be taken in the immediate future to alleviate pressures caused by this aging trend. Highlights include the creation of a seniors’ health account, the elimination of mandatory retirement, phased-in retirement options and increased personal retirement financial planning.

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    File URL: http://ideas.cga-canada.org/WorkingPapers/050101.pdf
    File Function: First version, 2005
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    Bibliographic Info

    Paper provided by Certified General Accountants Association of Canada in its series Working Papers with number 050101.

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    Length: 126 pages
    Date of creation: Jan 2005
    Date of revision:
    Handle: RePEc:cga:wpaper:050101

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    Related research

    Keywords: population aging; health expenditures; aging labour force; retirement; private income security programs;

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