Live Long and Prosper: Challenges Ahead for an Aging Population

6 Pages Posted: 16 Mar 2005

See all articles by Erica L. Groshen

Erica L. Groshen

Federal Reserve Bank of New York; IZA Institute of Labor Economics

Thomas Klitgaard

Federal Reserve Bank of New York

Abstract

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

Groshen, Erica L. and Klitgaard, Thomas, Live Long and Prosper: Challenges Ahead for an Aging Population. Current Issues in Economics and Finance, Vol. 8, No. 2, February 2002. Available at SSRN: https://ssrn.com/abstract=687124

Erica L. Groshen (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-7685 (Phone)

HOME PAGE: http://www.newyorkfed.org/research/economists/groshen/index.html

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Thomas Klitgaard

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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