Title 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

Published Washington, D.C. : National Academies Press, [2012]

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Description 1 online resource (1 PDF file (239 pages)) : illustrations 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 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 Notes Title from PDF title page Bibliography Includes bibliographical references Notes This study was supported by Contract Grant No. TOS10-C-004 between the National Academy of Sciences and the Department of the Treasury. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the views of the organizations or agencies that provided support for the project Version viewed: Sept. 6, 2013 Subject Aging -- Economic aspects -- United States Baby boom generation -- Retirement -- Economic aspects -- United States Economic forecasting -- United States Older people -- United States -- Economic conditions Population aging -- Economic aspects -- Mathematical models Age distribution (Demography) -- Economic aspects -- United States Older people -- Economic conditions -- Forecasting Older people -- Government policy -- Economic aspects Aging -- United States Retirement -- Economic aspects -- United States Aging. Economics. Aging Economics Socioeconomic Factors economics. SOCIAL SCIENCE -- Discrimination & Race Relations. SOCIAL SCIENCE -- Minority Studies. Economics Age distribution (Demography) -- Economic aspects Aging Aging -- Economic aspects Economic forecasting Older people -- Economic conditions Retirement -- Economic aspects SUBJECT United States https://id.nlm.nih.gov/mesh/D014481 Subject United States Form Electronic book Author National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, issuing body. National Research Council (U.S.). Committee on Population, issuing body. LC no. 2012953334 ISBN 9780309261968 0309261961 9780309261975 030926197X 9780309265423 0309265428

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