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Population Aging and the Maintenance of Social Support Systems

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  • Frank T. Denton
  • Byron G. Spencer

Abstract

The baby boom generation is now well into middle age, and over the next few decades will reach old age. As the boom generation grows old the costs of maintaining existing social support systems will rise, and the ability or willingness to sustain those systems has been called into question. In this paper we discuss a number of issues related broadly to population aging in Canada and the associated social "costs," including the costs of public services. We conclude that while population-related cost increases should be expected, and reallocations of resources required, the overall increases should be of manageable proportions.

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File URL: http://socserv.socsci.mcmaster.ca/iesop/papers/iesop_09.pdf
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Bibliographic Info

Paper provided by McMaster University in its series Independence and Economic Security of the Older Population Research Papers with number 9.

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Length: 23 pages
Date of creation: Sep 1996
Date of revision:
Handle: RePEc:mcm:iesopp:9

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Keywords: population aging; social support systems; baby boom;

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Cited by:
  1. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Economic Costs: A Survey of the Issues and Evidence," Social and Economic Dimensions of an Aging Population Research Papers 1, McMaster University.
  2. Frank T. Denton & Byron G. Spencer, 1998. "Economic Costs of Population Aging," Independence and Economic Security of the Older Population Research Papers 32, McMaster University.
  3. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Costs: A Survey of the Issues and Evidence," Department of Economics Working Papers 1999-03, McMaster University.
  4. Frank T Denton & Christine H Feaver & Byron G Spencer, 2005. "Population Aging in Canada: Software for Exploring the Implications for the Labour Force and the Productive Capacity of the Economy," Social and Economic Dimensions of an Aging Population Research Papers 146, McMaster University.

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