The Economic Implications of Aging Societies(English, Paperback, Nyce Steven A.)

Know about the book -

The Economic Implications of Aging Societies(English, Paperback, Nyce Steven A.) is written by Nyce Steven A. and published by Cambridge University Press. It's available with International Standard Book Number or ISBN identification 0521617243 (ISBN 10) and 9780521617246 (ISBN 13).

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 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.