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… 
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