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The Financial Consequences of Population Aging

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  • Jacques Henripin

Abstract

During the next five decades, Western populations will inexorably get older. Even if other phenomena are taken for granted, the lower the fertility, the more the aging process will be accentuated. One can expect large increases in public health costs and pension benefits that tax payers will bear, and that will be only partially compensated by a reduction in education cost. However, three measures could reduce these cost increases and the effect of each of them is estimated. As to the possibility that increasing productivity will check the growth of costs, the author has some reservations which challenge the conclusions of many former studies.

Suggested Citation

  • Jacques Henripin, 1994. "The Financial Consequences of Population Aging," Canadian Public Policy, University of Toronto Press, vol. 20(1), pages 78-94, March.
  • Handle: RePEc:cpp:issued:v:20:y:1994:i:1:p:78-94
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    References listed on IDEAS

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    1. M. S. Marzouk, 1991. "Aging, Age-Specific Health Care Costs and the Future Health Care Burden in Canada," Canadian Public Policy, University of Toronto Press, vol. 17(4), pages 490-506, December.
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    Cited by:

    1. Frank T. Denton & Byron G. Spencer, 1998. "Economic Costs of Population Aging," Quantitative Studies in Economics and Population Research Reports 339, McMaster University.
    2. Frank T. Denton & Byron G. Spencer, 1999. "Population Aging and Its Economic Costs: A Survey of the Issues and Evidence," Quantitative Studies in Economics and Population Research Reports 340, 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.

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