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Abstract :
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Workin paper series, Program on the Global Demographt of Ageing, Harvard School of Public Health. This paper analyses the implications of population aging for economic growth. Our main conclusion is that population aging poses challenges that are formidable, but not insurmountable. With longer life expectancies and smaller family sizes, higher savings for retirement and increased female labor force participation appear likely. Similarly, with shrinking labor forces, labor force participation among the elderly and immigration from labor-surplus countries may rise. However, the magnitude of these changes will critically depend on policy decisions (especially in the areas of healthcare and pension provision) taken at the national level, and business decisions taken at the local level. |
