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The Economic Effects of Aging in the United States and Japan
     

The Economic Effects of Aging in the United States and Japan

by Michael D. Hurd (Editor), Naohiro Yashiro (Editor)
 

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Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly is expected to increase rapidly in the United States and Japan over the next two decades. These fourteen essays show that, despite differences in culture and social and government structure, population aging will have

Overview

Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly is expected to increase rapidly in the United States and Japan over the next two decades. These fourteen essays show that, despite differences in culture and social and government structure, population aging will have many similar macro and micro effects on the economic status and behavior of the elderly in both countries.

The most obvious effects will be on social programs such as public pension systems and the provision for medical needs of the elderly. But, the contributors demonstrate, aging will also affect markets for labor, capital, housing, and health care services. It will affect firms through their participation in the demand side of the labor market and through their provisions for pensions. And aging will influence saving rates, the rate of return on assets, the balance of payments, and, most likely, economic growth.

This volume will interest scholars and policy makers concerned with the economics of aging.

Editorial Reviews

Booknews
Presents papers from a conference held in Hakone, Japan, in September 1993, analyzing the macro- and microeconomic effects of an increase in the elderly population in both countries. Examines how population aging will affect social programs and markets for labor, capital, housing, and health care services, and how it will influence saving rates, the rate of return on assets, the balance of payments, and economic growth. Of interest to scholars and policymakers. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780226361000
Publisher:
University of Chicago Press
Publication date:
03/28/1997
Series:
National Bureau of Economic Research Project Report Series
Edition description:
1
Pages:
372
Product dimensions:
6.00(w) x 9.00(h) x 1.00(d)

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