Population Aging

David Weil ()

No 12147, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Population aging is primarily the result of past declines in fertility, which produced a decades long period in which the ratio of dependents to working age adults was reduced. Rising old-age dependency in many countries represents the inevitable passing of this %u201Cdemographic dividend.%u201D Societies use three methods to transfer resources to people in dependent age groups: government, family, and personal saving. In developed countries, families are predominant in supporting children, while government is the main source of support for the elderly. The most important means by which aging will affect aggregate output is the distortion from taxes to fund PAYGO pensions.

JEL-codes: J10 J11 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe
Date: 2006-04
Note: AG LS PE
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Related works:
Working Paper: Population Aging (2006)
Working Paper: Population Ageing (2006)
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