SOCIOECONOMIC BACKGROUND: AGING POPULATION, RESULTED LABOR AND FISCAL CRISES, AND THE POSSIBLE SOLUTIONS

Ting Zhang
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Ting Zhang: George Mason University, USA

Chapter 2 in Elderly Entrepreneurship in an Aging US Economy:It's Never Too Late, 2008, pp 17-44 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Aging PopulationAging Labor Force and Labor Force ShortageFinancial Crisis of Social ServicesPolicy Options for the Labor Force Shortage and Expenditure PressureCutting benefits and raising taxesEnlarge the labor forceInvolving seniors in the labor force as an optionDisincentives for Elderly EmploymentFactors affecting individuals' retirement decisionsPublic policy and financial incentive for early retirementStructural disincentive for late retirement and cost of employing older peopleStereotype and myth of the oldIncentives for Elderly EmploymentImproved health conditionsOther personal incentives for late retirementOlder workers' human capitalFlexible work schedule adjustmentIncreasing Labor Force Participation Rate Among SeniorsSummaryEnd notes

Keywords: Entrepreneurship; Elderly; Seniors; Aging; Social Security; Age; Economic Growth; Economic Geography; Self-Employment; Occupational Choice; Retirement; Human Capital; Utility Maximization; Path Analysis (search for similar items in EconPapers)
JEL-codes: E6 (search for similar items in EconPapers)
Date: 2008
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