THE BURDEN OF AGING: MUCH ADO ABOUT NOTHING, OR LITTLE TO DO ABOUT SOMETHING?

L. Randall Wray

Economics Policy Note Archive from Levy Economics Institute

Abstract: Demographers and economists agree that we are aging--individually and collectively, nationally and globally. An aging population results from the twin demographic forces of fewer children per family and longer lives. Most experts recognize the burden that aging causes as the number of retirees supported by each worker rises. This trend is reinforced by the graying of the baby-boom generation, but burdens will continue to rise even after the boomers are buried--albeit at a slower pace.

Date: 2006-07
New Economics Papers: this item is included in nep-pbe and nep-pke
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