Aging and the macroeconomy : long-term implications of an older population / Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, Board on Mathematical Sciences and Their Applications, Division on Engineering and Physical Sciences, Committee on Population, Division of Behavioral and Social Sciences and Education, National Research Council of the National Academies.

Format:

Book

Author/Creator:

National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, issuing body.

Contributor:

National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, issuing body.

Language:

English

Subjects (All):

Age distribution (Demography)--Economic aspects--United States.

Age distribution (Demography).

Population aging--Economic aspects--Mathematical models.

Population aging.

Older people--Economic conditions--Forecasting.

Older people.

Older people--Government policy--Economic aspects.

Physical Description:

1 online resource (255 p.)

Edition:

1st ed.

Place of Publication:

Washington, District of Columbia : National Academies Press, [2012]

Language Note:

English

Summary:

"The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape"-- Publisher's summary.

Contents:

Introduction

Overview

Demographic Trends

Health and Disability in the Working-Age and Elderly Populations

Labor Force Participation and Retirement

Aging, Productivity, and Innovation

Saving and Retirement Security

Capital Markets and Rates of Return

The Outlook for Fiscal Policy

Research Recommendations

References

Appendixes

Appendix A: Population and Related Projections Made by the Committee

Appendix B: Biographical Sketches of Committee Members.

Notes:

Description based upon print version of record.

Includes bibliographic references (pages 201-215).

Description based on print version record.

ISBN:

9780309261999

0309261996

9780309261975

030926197X

OCLC:

817900521