Growing up: The Social and Economic Implications of an Aging Population

Rock Lefebvre () and Amar Goomar ()
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Rock Lefebvre: Certified General Accountants Association of Canada
Amar Goomar: Certified General Accountants Association of Canada

No 50101, Working Papers from Certified General Accountants Association of Canada

Abstract: The Canadian population is aging more rapidly than ever before, and that trend has widespread implications for a number of different aspects of Canada's society. This paper explores the possible impact of an aging population on health systems, labour supply, intergenerational relationships, and social and private income security programs. The analysis shows that a number of actions can be taken in the immediate future to alleviate pressures caused by this aging trend. Highlights include the creation of a seniors’ health account, the elimination of mandatory retirement, phased-in retirement options and increased personal retirement financial planning.

Keywords: population aging; health expenditures; aging labour force; retirement; private income security programs (search for similar items in EconPapers)
JEL-codes: H51 H53 H55 J11 D14 (search for similar items in EconPapers)
Date: 2005-01
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Persistent link: http://EconPapers.repec.org/RePEc:cga:wpaper:050101

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