Steven Nyce, Sylvester Schieber

The Economic Implications of Aging Societies

The Costs of Living Happily Ever After

• Gebundenes Buch

Produktbeschreibung

The world is getting older and no one knows exactly what life will be like in tomorrow's older societies. But we do know that age dependency ratios - the ratio of retirees to workers - will be much higher than we see today. The implications of this trend are plain. The combined effects of fewer workers, more retirees and longer retirement periods threaten not only the sustainability of pension systems but also the broader economic prospects of many developed countries. This book describes current trends in birth rates, longevity and labor force participation and productivity, the cross-border flow of capital, the globalization of labor markets, the financial viability of social insurance programs, and the ways economic output is shared between working-age and retiree populations. Our most effective solution will likely be a multifaceted one: more workers, longer careers, higher productivity, and more global exchange and cooperation.

Table of contents:
1. Introduction; 2. Population developments in a global context; 3. Pension options, motivations and choices; 4. Pension structures and the implications of aging; 5. Retirement systems and the economic costs of aging; 6. Beyond pensions to health care considerations; 7. Labor supply and living standards; 8. Too many wants or too few workers?; 9. Alternatives to finding more workers; 10. Aligning retirement policy with labor needs; 11. Funding pensions and securing retiree claims; 12. Macroeconomic policies for improved living standards; 13. Risks associated with alternative public policies; 14. Roadmap to the future.

It describes current trends in birth rates, longevity and labor force participation and productivity, the cross-border flow of capital, the globalization of labor markets, the financial viability of social insurance programs, and the ways economic output is shared between working-age and retiree populations.

This book documents challenging consequences aging societies face: fewer workers, stretched pensions, questionable economic sustainability.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 424
• Erscheinungstermin: 16. Dezember 2013
• Englisch
• Abmessung: 235mm x 157mm x 27mm
• Gewicht: 762g
• ISBN-13: 9780521851534
• ISBN-10: 052185153X
• Artikelnr.: 21239318

Autorenporträt

Steven A. Nyce is a Senior Retirement Research Associate with the Research and Information Center of Watson Wyatt Worldwide in Washington, DC. Dr Nyce joined Watson Wyatt in 2000 upon completion of his PhD in economics from the University of Notre Dame, Indiana. He has written numerous articles and spoken regularly at public and private forums on the impacts of demographic aging on the developed economies. His research also includes the study of behavioral aspects of private pensions and public and private retirement policy.

Inhaltsangabe

1. Introduction
2. Population developments in a global context
3. Pension options, motivations and choices
4. Pension structures and the implications of aging
5. Retirement systems and the economic costs of aging
6. Beyond pensions to health care considerations
7. Labor supply and living standards
8. Too many wants or too few workers?
9. Alternatives to finding more workers
10. Aligning retirement policy with labor needs
11. Funding pensions and securing retiree claims
12. Macroeconomic policies for improved living standards
13. Risks associated with alternative public policies
14. Roadmap to the future.