Maintaining Prosperity in an Ageing Society
ISBN: 9789264163133
Platform/Publisher: OECD / OECD Publishing
Digital rights: Users: unlimited; Printing: chapters; Download: chapters
Subjects: Economics / Employment / Social Issues/ Migration/ Health;

At the start of the 21st century, the number of retired people in OECD countries will start to expand much faster than the number of working-age people. This demographic change could threaten these societies' prosperity. Without major changes in public pension systems and the way people allocate time between education, work, and leisure, it is likely that fiscal and social strains will emerge. Some people, particularly the young, may be unfairly burdened by high taxation. Others, mostly the old, would face an unexpected deterioration in their living standards. How should pension, health care, and long-term care systems meet the challenge? Governments' appropriate response will have to be multifaceted reform of fiscal, social, labour market, financial market, health care, and education policies. An important part of the strategy for maintaining prosperity will require encouraging people to work longer by making it financially attractive to do so.; This will entail reforming traditional public pension and medic


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