Thursday, April 15, 2010
The Economic Implications of Aging Societies: The Costs of Living Happily Ever After
The world is getting older and no one knows exactly what life will be like in tomorrow's older societies.
But we do know that age dependency ratios--the ratio of retirees to workers--will be much higher than we see today.
The combined effects of fewer workers, more retirees and longer retirement periods threaten not only the sustainability of pension systems but also the broader economic prospects of many developed countries.
See full Details.