An aging society: opportunity or challenge?

  title={An aging society: opportunity or challenge?},
  author={David Cutler and James M. Poterba and Louise Sheiner and Lawrence H.l Summers},
  journal={Brookings papers on economic activity},
"This paper steps back from the current political debate [in the United States] over the social security trust fund and examines the more general question of how serious a macroeconomic problem aging is and how policy should respond to it. We focus primarily on issues relating to saving and capital accumulation. We do not consider the broader question of whether the current U.S. national saving rate is too high or too low, but focus on the effect of demographic changes on the optimal level of… 
Should America Save for its Old Age? Population Aging, National Saving, and Fiscal Policy
While popular wisdom holds that the United States should save more now in anticipation of the aging of the baby boom generation, the optimal response to population aging from a macroeconomic
Should America Save for its Old Age? Fiscal Policy, Population Aging, and National Saving
We examine whether the aging of the U.S. population adds force to traditional arguments for boosting national saving and conclude--perhaps surprisingly--that it may not. Aging boosts the demands on
Savings: the policy debate in Europe
Three issues dominate the public policy debate over savings in Continental Europe. First, can private savings substitute for public pensions in the provision of retirement income, given that the
Saving and Demographic Change: The Global Dimension
This paper uses a panel data set of 85 countries covering 1960-2005 to investigate the macroeconomic linkages between national rates of saving and investment and population aging. The issue takes on
Reform and Support Systems for the Elderly in Developing Countries: Capturing the Second Demographic Dividend
Many third world countries face rapid population aging over the coming decades. The demographic trend poses two significant policy challenges – sustaining strong economic growth and establishing
Generational Conflict, Human Capital Accumulation, and Economic Growth
Worldwide, dependency ratios are forecast to increase dramatically in the next 50 years. A great deal of attention has been devoted to understanding the changes in fiscal policies that must' take
The impact of the demographic transition on capital formation.
How the demographic transition may also affect national saving through changes in government behavior is considered, along with ways in which the composition of household saving might change as individuals age.
The Advantages of Demographic Change after the Wave: Fewer and Older, but Healthier, Greener, and More Productive?
It is argued that there may be positive unintended side effects of population aging that can be leveraged to address pressing environmental problems and issues of gender inequality and intergenerational ties.


Demographics, Fiscal Policy, and U.S. Saving in the 1980s and Beyond
This paper focuses on U.S. saving, demographics, and fiscal policy. We use data from the Consumer Expenditure Surveys of the 1980s to consider the effect of demographic change on past and future U.S.
The Future of Social Security: One Economist's Assessment
Three interrelated issues must be faced in assessing the future of OASI. I shall discuss each in turn. Balancing Contributions and Benefits. The overriding long-run issue about OASI is the balance
Public policy implications of declining old-age mortality.
It appears that reductions in morbidity associated with declining mortality have been counterbalanced by high morbidity rates among marginal survivors and any attempt to reorient federal research and development policy may be ineffective in reorienting the totalResearch and development effort.
The Economic Dynamics of an Ageing Population: The Case of Four OECD Countries
Demographic changes, such as those anticipated in most OECD countries, have many economic effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in
A Contribution to the Empirics of Economic Growth
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human
Health: United States
This annual publication for the US Department of Health and Human Services entitled Health: United States is a report to Congress on the health status of the nation and has dropped the essays on selected topics by experts within the government.
The Productivity of Capital in a Period of Slower Growth
THE UNITED STATES has invested a smaller fraction of its gross national product in capital goods than almost any of its major international competitors in the 40 years since 1948. Over this same
On the Determination of the Public Debt
  • R. Barro
  • Economics
    Journal of Political Economy
  • 1979
A public debt theory is constructed in which the Ricardian invariance theorem is valid as a first-order proposition but where the dependence excess burden on the timing of taxation implies an optimal
Lectures on Macroeconomics
Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their
Health in the United States
  • A. Lunde
  • Medicine, Political Science
  • 1968
In the 1980s, interest will undoubtedly focus on minority populations and health, on how the economically disadvantaged may better be served, on the effects of an aging population on the health care system, and on how life-styles which undermine health care can be changed.