Silver Economy: Pipe Dream or Realistic Possibility?

19 Pages Posted: 22 Sep 2015

See all articles by Axel H. Börsch-Supan

Axel H. Börsch-Supan

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)

Date Written: September 1, 2014

Abstract

This paper juxtaposes a set of popular myths with evidence and draws three conclusions: First, demography is not destiny – rather, destiny is whether aging societies are able to undergo structural economic reforms which adapt these societies to a different demographic environment. Second, evidence is needed to show that such reforms are possible and have paid off. Third, older individuals have changed. They are healthier and more productive than the generations before. A flourishing silver economy is thus a realistic possibility – but it does require adaption of labor markets and pension systems.

Suggested Citation

Börsch-Supan, Axel H., Silver Economy: Pipe Dream or Realistic Possibility? (September 1, 2014). Max Planck Institute for Social Law and Social Policy Discussion Paper No. 26-2014. Available at SSRN: https://ssrn.com/abstract=2663933 or http://dx.doi.org/10.2139/ssrn.2663933

Axel H. Börsch-Supan (Contact Author)

Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA) ( email )

Amalienstrasse 33
Munich, 80799
Germany

HOME PAGE: http://www.mea.mpisoc.mpg.de

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
39
Abstract Views
325
PlumX Metrics