Meeting the economic challenges of a greying world

Aida Caldera and Dorothée Rouzet

Chapter 12 in Fiscal Policy in a Turbulent Era, 2024, pp 184-198 from Edward Elgar Publishing

Abstract: In recent decades, the share of the population aged 65 years and over has nearly doubled on average across OECD countries. Rising old-age dependency ratios will put the financing of adequate pensions, health and long-term care under high pressure. This chapter provides recommendations on policy responses to address ageing-related challenges and highlights good practices. It concludes that a comprehensive approach is needed to meet the economic challenges of a greying world spanning many areas of public policy: improving the design of public pensions, incentivizing private savings, enhancing the efficiency of health care provision, expanding the coverage of social security systems, promoting employability and skills of older workers, and striving for a better labour market inclusion of women, youth and migrants.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
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