Bevölkerungsalterung in der OECD: Ökonomiosche Konsequenzen und Reformdiskussion
In: List Forum Band 32
The process of population aging to major economic and fiscal challenges in almost all developed countries. This article gives an overview of the different magnitudes of aging in the U.S., EU and Japan and of the expected effects on the sustainability of public budgets, on capital markets and economic growth. Furthermore, the effectiveness of actual reform proposals, which include increased birth rates, immigration or pension reforms, is discussed based on the results of numerical simulation studies. These studies show that radical changes of the current pension systems are especially suited to dampen the effects of population aging and to increase the welfare of future generations.(Original text only available in german language)
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