Brief Economic Consequences of an Aging Population
Diane Lim Rogers, Eric Toder, Landon Jones
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The retirement of baby boomers and the increase in the share of elderly in the population will create economic and fiscal stresses beginning in the second decade of the 21st century. These demographic developments, if not offset by changes in household behavior and government fiscal policy, will reduce the number of workers in relation to the population needing support and lower the national saving rate. The result will be slower growth in national income and consumption after 2010.
Research Areas Economic mobility and inequality Aging and retirement
Tags Retirement policy