Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025

42 Pages Posted: 15 Feb 2006

See all articles by Peter Heller

Peter Heller

International Monetary Fund (IMF)

Date Written: January 31, 1989

Abstract

In the next 30-40 years, past changes in fertility and mortality will lead to a significant increase in the share of the elderly. This study suggests that these demographic trends may lead to a decline in the G-7 private savings rate after 2000, compounding the impact of social expenditure pressures on the government`s deficit. Moreover, public pensions may decline as a share of the consumption needs of the elderly, leading to financial pressures to reduce their consumption. The reduced burden of child support on the working population will not offset the increased burden of societal support for the elderly.

JEL Classification: 1221, 1320, 3221, 8410, 9211, 9180

Suggested Citation

Heller, Peter, Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025 (January 31, 1989). IMF Working Paper No. 89/13, Available at SSRN: https://ssrn.com/abstract=884592

Peter Heller (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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