Aging and the Macroeconomy: Long-Term Implications of an Older Population

摘要

The United States and many other countries are in the infancy of significant demographic changes. Over the next four decades, the retiree demographic will constitute an increasingly large percentage of the population. In the United States, the old-age dependency ratio-the ratio of people aged 65 years and over to people aged 20-64 years-will likely increase by 80％ by 2050.