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

• Record Nr.: UNINA9910789231503321
• Pubbl/distr/stampa: Washington, District of Columbia : , : National Academies Press, , [2012]; ©2012
• ISBN: 0-309-26199-6; 0-309-26197-X
• Descrizione fisica: 1 online resource (255 p.)
• Soggetti: Age distribution (Demography) - Economic aspects - United States; Population aging - Economic aspects - Mathematical models; Older people - Economic conditions - Forecasting; Older people - Government policy - Economic aspects
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographic references (pages 201-215).
• Nota di contenuto: 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.
• Sommario/riassunto: "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.