Aging and the Macroeconomy
Aging and the Macroeconomy

Author: National Research Council

Publisher: National Academies Press

Published: 2013-01-10

Total Pages: 230

ISBN-13: 0309261961

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The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

The Impact of Workforce Aging on European Productivity
The Impact of Workforce Aging on European Productivity

Author: Mr.Shekhar Aiyar

Publisher: International Monetary Fund

Published: 2017-01-18

Total Pages: 29

ISBN-13: 1475569491

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The age-distribution of Europe’s workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead.. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines what policies might mitigate the effects of aging. We find that workforce aging reduces growth in labor productivity, mainly through its negative effect on TFP growth. Projected workforce aging could reduce TFP growth by an average of 0.2 percentage points every year over the next two decades. A variety of policies could ameliorate this effect.

Working Better with Age
Working Better with Age

Author: OECD

Publisher: Org. for Economic Cooperation & Development

Published: 2018

Total Pages: 0

ISBN-13: 9789264201859

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Currently, Japan has the highest old-age dependency ratio of all OECD countries, with a ratio in 2017 of over 50 persons aged 65 and above for every 100 persons aged 20 to 64. This ratio is projected to rise to 79 per hundred in 2050. The rapid population ageing in Japan is a major challenge for achieving further increases in living standards and ensuring the financial sustainability of public social expenditure. However, with the right policies in place, there is an opportunity to cope with this challenge by extending working lives and making better use of older workers' knowledge and skills. This report investigates policy issues and discusses actions to retain and incentivise the elderly to work more by further reforming retirement policies and seniority-wages, investing in skills to improve productivity and keeping up with labour market changes through training policy, and ensuring good working conditions for better health with tackling long-hours working culture.

Productive Aging
Productive Aging

Author: Nancy Morrow-Howell

Publisher: JHU Press

Published: 2003-05-01

Total Pages: 356

ISBN-13: 0801876575

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"Will 69 million baby boomers suddenly drop out of the workforce when they turn 65? It is difficult to imagine this generation, with its talent, education, and experience, idling away the last thirty years of life."—From the Foreword, by Robert N. Butler, M.D., The Mount Sinai Medical Center Old age has been historically thought of as a period of frailty and dependence, yet studies show that with the help of advances in health and medicine, current populations will live longer and remain healthier than previous generations. As average life expectancies rise, traditional concepts of retirement need to be reconsidered on all levels—from government policy to business practice to individual life planning. In this volume, leaders in the field of gerontology explore these changing conditions through the concept of "productive aging," which has been developed by leaders in the field to promote older adults' contributions to society in social and economic capacities. Productive Aging: Concepts and Challenges treats the implications of productive aging for the discipline of gerontology and for society in general. The first section defines the principles, historical perspectives, and conceptual frameworks for productive aging. The second section takes a disciplinary approach, treating the biomedical, psychological, sociological, and economic implications of a more capable older generation. The third section considers advances in theories of gerontology, and the fourth section suggests future directions in practice, theory, and research. Contributors: W. Andrew Achenbaum, University of Houston • Scott A. Bass, University of Maryland-Baltimore • Vern L. Bengtson, University of Southern California • James E. Birren, UCLA • Francis G. Caro, University of Massachusetts Boston • Carroll L. Estes, University of California-San Francisco • Marc Freedman, Civic Ventures (co-founder of Experience Corps) • James Hinterlong, Washington University • James S. Jackson, University of Michigan • Jane L. Mahakian, Pacific Senior Services • Harry R. Moody, Robert Wood Johnson Foundation • Nancy Morrow-Howell, Washington University • Philip Rozario, Washington University • James H. Schulz, Brandeis University • Michael Sherraden, Washington University • Alvar Svanborg, University of Illinois-Chicago and Goteburg University, Sweden • Brent A. Taylor, San Diego State University

The Economic Implications of Aging Societies
The Economic Implications of Aging Societies

Author: Steven A. Nyce

Publisher: Cambridge University Press

Published: 2005-01-17

Total Pages: 428

ISBN-13: 9780521617246

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This book documents challenging consequences aging societies face: fewer workers, stretched pensions, questionable economic sustainability.

Women Working Longer
Women Working Longer

Author: Claudia Goldin

Publisher: University of Chicago Press

Published: 2018-04-19

Total Pages: 326

ISBN-13: 022653264X

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Today, more American women than ever before stay in the workforce into their sixties and seventies. This trend emerged in the 1980s, and has persisted during the past three decades, despite substantial changes in macroeconomic conditions. Why is this so? Today’s older American women work full-time jobs at greater rates than women in other developed countries. In Women Working Longer, editors Claudia Goldin and Lawrence F. Katz assemble new research that presents fresh insights on the phenomenon of working longer. Their findings suggest that education and work experience earlier in life are connected to women’s later-in-life work. Other contributors to the volume investigate additional factors that may play a role in late-life labor supply, such as marital disruption, household finances, and access to retirement benefits. A pioneering study of recent trends in older women’s labor force participation, this collection offers insights valuable to a wide array of social scientists, employers, and policy makers.

Productive Engagement in Later Life
Productive Engagement in Later Life

Author: Nancy Morrow-Howell

Publisher: Routledge

Published: 2014-06-11

Total Pages: 240

ISBN-13: 1317977394

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Productive Ageing is the involvement of older adults in society through employment, volunteering, caregiving, education and skill building. In 2020 there will be 248 million people in China aged 60 and over. At the same time, the birth rate continues to drop and family structures are being transformed. In the face of such pressing demographic challenges, the productive engagement of older adults is a clear-cut strategy to strengthen families and communities while simultaneously promoting the health of older adults. From a human capital perspective, an ageing population represents resources to address societal needs; and the active engagement of older adults can enhance and maintain the physical, mental and cognitive health of the older adults. The challenge is to develop policies that support productive engagement and implement evidence-based programs that create opportunities for older adults in active engagement in the community. Contributions of older adults will be necessary for social and economic development of families, communities, and society. Productive Engagement in Later Life covers the 2009 China conference on productive aging and discusses how to initiate and build productive aging agenda in China and around the globe. This book was originally published as a special issue of China Journal of Social Work.

Contemporary Perspectives on Ageism
Contemporary Perspectives on Ageism

Author: Liat Ayalon

Publisher: Springer

Published: 2018-05-22

Total Pages: 582

ISBN-13: 3319738208

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This open access book provides a comprehensive perspective on the concept of ageism, its origins, the manifestation and consequences of ageism, as well as ways to respond to and research ageism. The book represents a collaborative effort of researchers from over 20 countries and a variety of disciplines, including, psychology, sociology, gerontology, geriatrics, pharmacology, law, geography, design, engineering, policy and media studies. The contributors have collaborated to produce a truly stimulating and educating book on ageism which brings a clear overview of the state of the art in the field. The book serves as a catalyst to generate research, policy and public interest in the field of ageism and to reconstruct the image of old age and will be of interest to researchers and students in gerontology and geriatrics.

The Work of the Future
The Work of the Future

Author: David H. Autor

Publisher: MIT Press

Published: 2022-06-21

Total Pages: 189

ISBN-13: 0262367742

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Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.