Live Long and Prosper: Challenges Ahead for an Aging Population

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Live Long and Prosper: Challenges Ahead for an Aging Population

February 2002 Volume 8, Number 2

JEL classification: H55, E62, J11

Authors: Erica L. Groshen and Thomas Klitgaard

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.

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