Description
Book SynopsisPopulation aging is a global phenomenon that influences not only the industrialized countries of Asia and the West, but also many middle- and low- income countries that have experienced rapid fertility decline and achieved long life expectancies. This book explores how workers and consumers are responding to population aging and examines how economic growth, generational equity, trade and international capital flows are influenced by population aging.
The contributors draw on the experience of the developing and industrialized worlds and on countries in Asia, North America, and Europe. They offer new evidence about micro-level responses of labor force participation, earnings, and savings to actual and/or perceived demographic change. Their broad perspective on population aging spans the entire demographic transition and demonstrates the importance of effective policy response in the early stages of population aging. Also included are policy analyses that explore the use of tax policy, financial reform, and policies targeting immigration and procreation.
This insightful study will prove invaluable to students and scholars of population economics, public sector economics, welfare economics, social economics, and public finance. Pension analysts and government policymakers will find the material of great practical use.
Table of ContentsContents: Preface PART I: INTRODUCTION 1. Economic and Policy Implications of Population Aging Robert Clark, Andrew Mason and Naohiro Ogawa PART II: POPULATION AGING AND LABOR MARKETS 2. Population Aging, Changing Retirement Policies and Lifetime Earnings Profiles in Japan Robert Clark, Naohiro Ogawa and Rikiya Matsukura 3. Firm Productivity, Work-force Age and Educational Structure in Austrian Industries in 2001 Alexia Prskawetz, Bernhard Mahlberg and Vegard Skirbekk 4. The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States David E. Bloom, David Canning, Michael Moore and Younghwan Song PART III: SAVING AND WEALTH 5. Modeling the Effects of Population Aging on Consumption in the Presence of Intergenerational Transfers Heinrich Hock and David N. Weil 6. Transfers, Capital and Consumption Over the Demographic Transition Andrew Mason and Ronald Lee 7. Effects of Age Structure on Investment, Saving and Trade Thomas Lindh and Bo Malmberg 8. Population Aging and Health Care Spending in Japan: Public- and Private-sector Responses Naohiro Ogawa, Andrew Mason, Maliki, Rikiya Matsukura and Kazuro Nemoto PART IV: POLICY 9. Procreation, Migration and Tradable Quotas David de la Croix and Axel Gosseries 10. Australia’s Future Fund: A Social Welfare Analysis Ross Guest 11. Is Asia Prepared for an Aging Population? Peter S. Heller Index
