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The Burden Of Aging: Much Ado About Nothing, Or Little To Do About Something?

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Author Info
L. Randall Wray

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Abstract

Demographers and economists agree that we are aging--individually and collectively, nationally and globally. An aging population results from the twin demographic forces of fewer children per family and longer lives. Most experts recognize the burden that aging causes as the number of retirees supported by each worker rises. This trend is reinforced by the graying of the baby-boom generation, but burdens will continue to rise even after the boomers are buried--albeit at a slower pace.

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 06-5.

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Date of creation: Jul 2006
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Handle: RePEc:lev:levypn:06-5

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Jagadeesh Gokhale & Kent Smetters, 2003. "Fiscal and generational imbalances: new budget measures for new budget priorities," Policy Discussion Papers, Federal Reserve Bank of Cleveland, issue Dec. [Downloadable!]
  2. Dimitri B. Papadimitriou & L. Randall Wray, . "Does Social Security Need Saving? Providing for Retirees throughout the Twenty-first Century," Economics Public Policy Brief Archive 55, Levy Economics Institute, The. [Downloadable!]
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