Economic Costs of Population Aging
Frank Denton and
Independence and Economic Security of the Older Population Research Papers from McMaster University
In just over three decades all those born during the post-war baby boom will be 65 and older, and the fraction of the population 'old' will be far greater than previously experienced in Canada, or indeed in any modern industrial nation. That prospect has given rise to major concerns about our ability as a society to meet the large anticipated additions to health care, pension, and other costs associated with the increase in the older population. However, a balanced view requires that attention be given to all publicly provided services, not only to those services used in large measure by the elderly, and also to privately provided goods and services, since the costs must be charged against the same national income in both cases. Beyond that, it is important to recognize that population change affects not only the demand side of the economy, but also the supply side, the nation's productive capacity. This paper reviews the literature to assess the magnitude of the prospective cost increases associated with the aging of the Canadian population and considers the practical implications for government programs and policies.
Keywords: population aging; economic costs; baby boom (search for similar items in EconPapers)
JEL-codes: J11 J14 (search for similar items in EconPapers)
Pages: 64 pages
New Economics Papers: this item is included in nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
Downloads: (external link)
Working Paper: Economic Costs of Population Aging (1999)
Working Paper: Economic Costs of Population Aging (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mcm:iesopp:32
Access Statistics for this paper
More papers in Independence and Economic Security of the Older Population Research Papers from McMaster University Contact information at EDIRC.
Bibliographic data for series maintained by ().