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

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In 2010, Congress asked the National Research Council (NRC), the
operating arm of the National Academies, to prepare a report on the longrun
macroeconomic effects of the aging U.S. population. In response, the
NRC appointed an ad hoc committee, the Committee on the Long-Run
Macroeconomic Effects of the Aging U.S. Population, under the auspices
of its Board on Mathematical Sciences and their Applications and its Committee
on Population. The committee was charged with distilling a large
body of academic research and providing a factual foundation for the social
and political debates about population aging and its macroeconomic
impacts and about appropriate policies regarding public entitlements such
as Medicare and Social Security. Given the breadth of the report’s focus, it
was clear from the outset that the committee did not have the full empirical
underpinning needed to address this complex topic. Hence we are grateful
to the Division of Behavioral and Social Research, National Institute on
Aging, for providing additional project funding to identify key research
needs and develop research recommendations.

No committee could perform a task such as this without the assistance
and close cooperation of a great many people. We would like to thank, first
and foremost, our fellow committee members. Despite having many other
responsibilities, members of the committee generously donated their time
and expertise to the project. The committee met six times over the course
of the project. Members contributed to the study by providing background
readings, leading discussions, making presentations, drafting and revising
chapters, and critically commenting on the various report drafts. The per
spectives that members brought to the table were instrumental in synthesizing
ideas throughout the committee process.

Drafting the report was a collaborative enterprise. The committee
divided itself into five working groups corresponding to the major substantive
content areas—demographic and health trends; labor force participation,
productivity, and retirement; saving and retirement security; capital
markets and rates of return; and fiscal concerns. Each committee member
made significant contributions to the report in at least one of these areas,
and many people were involved in a crosscutting manner. We are grateful
to a number of people who were not on the committee, including David
H. Rehkopf (Department of Medicine, Stanford University) and Nancy
E. Adler (Department of Psychiatry, University of California, San Francisco),
who worked with committee member John W. Rowe to produce
the commissioned paper “Socioeconomic, Racial/Ethnic and Functional
Status Impacts on the Future U.S. Workforce,” which helped to inform the
discussions in Chapters 4 and 5. Special thanks go to Robert Pool (Digital
Pens, LLC), who drafted initial versions of several report chapters as well
as the Summary. We also are grateful to David P. Richardson (senior economist,
TIAA-CREF Institute), who shared his extensive knowledge of public
and private pension plans, household financial security, and retirement
preparedness throughout the committee deliberations. We likewise extend
heartfelt thanks to Gretchen S. Donehower and Carl Boe (Center on the
Economics and Demography of Aging, University of California, Berkeley),
who generated population projections, analyses, and graphs used in this
report, facilitated the transfer of data between committee members, and
prepared the documentation in the report Appendix.

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Informasi Detail

Judul Seri

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No. Panggil

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Penerbit

New York : The National Academies Press., 2012

Deskripsi Fisik

239 pages, 6 x 9 PAPERBACK, (2012)

Bahasa

English

ISBN/ISSN

9780309261968

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

ILMU SOSIAL

Info Detail Spesifik

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Pernyataan Tanggungjawab

agus

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