Global Aging: Issues, Answers, and More Questions

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dc.contributor.author Börsch-Supan, Axel H.
dc.date.accessioned 2007-04-25T13:58:15Z
dc.date.available 2007-04-25T13:58:15Z
dc.date.issued 2004-06
dc.identifier.uri http://hdl.handle.net/2027.42/50535
dc.description.abstract Global aging will be a major determinant of long run economic development in industrial and developing countries. The extent of the demographic changes is dramatic and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and especially social security has already received prominent attention, but the aging poses many other economic challenges that threaten productivity and growth if they remain unaddressed. While aging is global, there are marked differences in the speed and the extent of the aging processes across countries. These differences are likely to generate different growth paths and change the international pecking order, e.g. within the G8 countries. Due to the globalization of labor, financial and goods markets, however, these differential demographic developments will also precipitate trade and factor movements. Exploiting these movements offers large chances during the aging process. The purpose of this paper is to review the most important economic chances and challenges due to global aging. It summarizes what we know and identifies research areas where it is important to know more. en
dc.description.sponsorship Social Security Administration en
dc.format.extent 392367 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US en
dc.publisher Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 en
dc.relation.ispartofseries WP 2004-084 en
dc.title Global Aging: Issues, Answers, and More Questions en
dc.type Working Paper en
dc.subject.hlbsecondlevel Population and Demography
dc.subject.hlbtoplevel Social Sciences
dc.contributor.affiliationother University of Mannheim en
dc.contributor.affiliationother NBER en
dc.contributor.affiliationumcampus Ann Arbor en
dc.description.bitstreamurl http://deepblue.lib.umich.edu/bitstream/2027.42/50535/1/wp084.pdf en_US
dc.owningcollname Retirement Research Center, Michigan (MRRC)
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