Aging and the Macroeconomy

Aging and the Macroeconomy PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230

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Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Aging and the Macroeconomy

Aging and the Macroeconomy PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230

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Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Promoting an Age-Inclusive Workforce Living, Learning and Earning Longer

Promoting an Age-Inclusive Workforce Living, Learning and Earning Longer PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264691472
Category :
Languages : en
Pages : 159

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Book Description
All OECD economies are undergoing rapid population ageing, leading to more age diversity in workplaces than ever before as people are not only living longer but working longer. This report presents a business case for embracing greater age diversity at the workplace and debunks several myths about generational differences in work performance, attitudes and motivations towards work.

The Impact of Workforce Aging on European Productivity

The Impact of Workforce Aging on European Productivity PDF Author: Mr.Shekhar Aiyar
Publisher: International Monetary Fund
ISBN: 1475569491
Category : Social Science
Languages : en
Pages : 29

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Book Description
The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects of aging. We find that workforce aging reduces growth in labor productivity, mainly through its negative effect on TFP growth. Projected workforce aging could reduce TFP growth by an average of 0.2 percentage points every year over the next two decades. A variety of policies could ameliorate this effect.

Working Better with Age

Working Better with Age PDF Author: OECD
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264201859
Category : Age and employment
Languages : en
Pages : 0

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Book Description
Currently, Japan has the highest old-age dependency ratio of all OECD countries, with a ratio in 2017 of over 50 persons aged 65 and above for every 100 persons aged 20 to 64. This ratio is projected to rise to 79 per hundred in 2050. The rapid population ageing in Japan is a major challenge for achieving further increases in living standards and ensuring the financial sustainability of public social expenditure. However, with the right policies in place, there is an opportunity to cope with this challenge by extending working lives and making better use of older workers' knowledge and skills. This report investigates policy issues and discusses actions to retain and incentivise the elderly to work more by further reforming retirement policies and seniority-wages, investing in skills to improve productivity and keeping up with labour market changes through training policy, and ensuring good working conditions for better health with tackling long-hours working culture.

Productive Aging

Productive Aging PDF Author: Nancy Morrow-Howell
Publisher: JHU Press
ISBN: 0801876575
Category : Medical
Languages : en
Pages : 356

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Book Description
"Will 69 million baby boomers suddenly drop out of the workforce when they turn 65? It is difficult to imagine this generation, with its talent, education, and experience, idling away the last thirty years of life."—From the Foreword, by Robert N. Butler, M.D., The Mount Sinai Medical Center Old age has been historically thought of as a period of frailty and dependence, yet studies show that with the help of advances in health and medicine, current populations will live longer and remain healthier than previous generations. As average life expectancies rise, traditional concepts of retirement need to be reconsidered on all levels—from government policy to business practice to individual life planning. In this volume, leaders in the field of gerontology explore these changing conditions through the concept of "productive aging," which has been developed by leaders in the field to promote older adults' contributions to society in social and economic capacities. Productive Aging: Concepts and Challenges treats the implications of productive aging for the discipline of gerontology and for society in general. The first section defines the principles, historical perspectives, and conceptual frameworks for productive aging. The second section takes a disciplinary approach, treating the biomedical, psychological, sociological, and economic implications of a more capable older generation. The third section considers advances in theories of gerontology, and the fourth section suggests future directions in practice, theory, and research. Contributors: W. Andrew Achenbaum, University of Houston • Scott A. Bass, University of Maryland-Baltimore • Vern L. Bengtson, University of Southern California • James E. Birren, UCLA • Francis G. Caro, University of Massachusetts Boston • Carroll L. Estes, University of California-San Francisco • Marc Freedman, Civic Ventures (co-founder of Experience Corps) • James Hinterlong, Washington University • James S. Jackson, University of Michigan • Jane L. Mahakian, Pacific Senior Services • Harry R. Moody, Robert Wood Johnson Foundation • Nancy Morrow-Howell, Washington University • Philip Rozario, Washington University • James H. Schulz, Brandeis University • Michael Sherraden, Washington University • Alvar Svanborg, University of Illinois-Chicago and Goteburg University, Sweden • Brent A. Taylor, San Diego State University

Women Working Longer

Women Working Longer PDF Author: Claudia Goldin
Publisher: University of Chicago Press
ISBN: 022653264X
Category : Business & Economics
Languages : en
Pages : 326

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Book Description
Today, more American women than ever before stay in the workforce into their sixties and seventies. This trend emerged in the 1980s, and has persisted during the past three decades, despite substantial changes in macroeconomic conditions. Why is this so? Today’s older American women work full-time jobs at greater rates than women in other developed countries. In Women Working Longer, editors Claudia Goldin and Lawrence F. Katz assemble new research that presents fresh insights on the phenomenon of working longer. Their findings suggest that education and work experience earlier in life are connected to women’s later-in-life work. Other contributors to the volume investigate additional factors that may play a role in late-life labor supply, such as marital disruption, household finances, and access to retirement benefits. A pioneering study of recent trends in older women’s labor force participation, this collection offers insights valuable to a wide array of social scientists, employers, and policy makers.

The Economic Implications of Aging Societies

The Economic Implications of Aging Societies PDF Author: Steven A. Nyce
Publisher: Cambridge University Press
ISBN: 9780521617246
Category : Business & Economics
Languages : en
Pages : 428

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

Worker Productivity, Employment, and Aging

Worker Productivity, Employment, and Aging PDF Author: Thomas N. Daymont
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages : 50

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Book Description


Productive Engagement in Later Life

Productive Engagement in Later Life PDF Author: Nancy Morrow-Howell
Publisher: Routledge
ISBN: 1317977394
Category : Social Science
Languages : en
Pages : 240

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Book Description
Productive Ageing is the involvement of older adults in society through employment, volunteering, caregiving, education and skill building. In 2020 there will be 248 million people in China aged 60 and over. At the same time, the birth rate continues to drop and family structures are being transformed. In the face of such pressing demographic challenges, the productive engagement of older adults is a clear-cut strategy to strengthen families and communities while simultaneously promoting the health of older adults. From a human capital perspective, an ageing population represents resources to address societal needs; and the active engagement of older adults can enhance and maintain the physical, mental and cognitive health of the older adults. The challenge is to develop policies that support productive engagement and implement evidence-based programs that create opportunities for older adults in active engagement in the community. Contributions of older adults will be necessary for social and economic development of families, communities, and society. Productive Engagement in Later Life covers the 2009 China conference on productive aging and discusses how to initiate and build productive aging agenda in China and around the globe. This book was originally published as a special issue of China Journal of Social Work.

Human Work Productivity

Human Work Productivity PDF Author: Shrawan Kumar
Publisher: CRC Press
ISBN: 1439874158
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
The current global economic downturn and considerable shifting in industrial and manufacturing activities have disturbed the industrial order. However, human work productivity is still one of the most important components of the industrial economy and a determining factor in global competiveness and influence as well as the potential for technologi