Macroeconomic Consequences of Population Aging in the United States: Overview of a National Academy Report

Ronald Lee

American Economic Review, 2014, vol. 104, issue 5, 234-39

Abstract: The US population will age rapidly for several decades and then more slowly, with less aging than most rich nations. Health of the elderly has greatly improved, but disability stagnated after 2000. Retirement age reversed its decline in the mid-1990s and health status leaves ample room for increased elder labor supply. Many older people have inadequate retirement savings and face additional risks including uncertainty about both public and private pensions and health insurance. Population aging may cause a small decline in rates of return. The main problem is the impact of population aging on public programs for the elderly.

JEL-codes: E21 E24 H55 I13 J14 J22 J32 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/aer.104.5.234
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Citations: View citations in EconPapers (15)

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