Live Long and Prosper: Challenges Ahead for an Aging Population
6 Pages Posted: 16 Mar 2005
Over the next thirty years, the percentage of people who are 65 and over will grow rapidly while the percentage of people in their working years will decline. This shift in the age distribution of the population will put enormous pressure on social security systems in the United States, Germany, and Japan as the number of workers whose payroll taxes fund each retiree drops sharply.
Keywords: social security, aging, OASI, pension
JEL Classification: H55, E62, J11
Suggested Citation: Suggested Citation