The Predicament of Population Aging: A Review Essay*

MacKellar, F.L.

doi:10.1111/j.1728-4457.2000.00365.x

Cited by 25 publications

(15 citation statements)

References 44 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The relative shortage of labour relative to capital will raise the price of labour relative to capital and temporarily increase the capital-labour ratio. The higher relative cost of labour will provide an incentive for firms to look for labour-saving technologies (Habakkuk, 1962;Heer & Irmen, 2008;MacKellar, 2000;Romer, 1990). However, the empirical evidence for this channel is unclear.…”

Section: Rising Relative Price Of Labourmentioning

confidence: 95%

Population ageing and productivity: A survey with implications for New Zealand

Guest

2014

New Zealand Economic Papers

View full text Add to dashboard Cite

This paper critically evaluates the effects of population ageing on labour productivity with particular reference to New Zealand. A number of potential long-run mechanisms are considered: complementarity of workers by age, age-specific productivity of individuals, new technology discoveries and adoptions, and fertility and human capital investments. Potential short-run channels include the 'second demographic dividend', changes in industry composition, and incentives to seek labour-saving technologies. Simulations tentatively suggest that workers could become more complimentary by age which would boost labour productivity. The magnitude of this effect on living standards could entirely offset the projected 12% fall in the support ratio over the next 40 years. The most effective policies for mitigating the national economic burden of ageing are policies to boost labour participation of older workers and to boost immigration.

show abstract

Section: Rising Relative Price Of Labourmentioning

confidence: 95%

Population ageing and productivity: A survey with implications for New Zealand

Guest

2014

New Zealand Economic Papers

View full text Add to dashboard Cite

show abstract

“…For example, the national integrity and the composition of the population as a stable framework exclude the obvious uncertainty inherent in globalisation and migration as well as the quite substantial uncertainty in the demographic future development. We propose that with a very high probability automatic stabilisers and expert decision making based on such assumptions will sooner or ARTICLE IN PRESS 7 But it should also be noted that this was not a part of the original construction but was introduced as an afterthought when public debate had started to reveal certain flaws in the 'ice age' scenario. later come into conflict with democratic opinion in the ageing society.…”

Section: Time Consistency and The Futuritymentioning

confidence: 96%

“…The most striking expression of this objective is the so-called 'special reduction mechanism' (the brake) that in times of rising expenditures regulates the system's expenditures, without exposing the politicians for the political risk that in the old system was associated with the duty to adjust the citizens' pension to new and problematic economic circumstances. 7 Also in other respects, the new Swedish system contains many examples of pre-commitment mechanisms, or what welfare researchers refer to as 'automatic politics' (see [12]), that is, that the responsibility for unpopular measures is either regulated in law or transferred to autonomous institutions (not dependent on arbitrary voters).…”

Section: Time Consistency and The Futuritymentioning

confidence: 99%

Predicaments in the futures of ageing democracies

Lindh

Lundberg

2008

Futures

View full text Add to dashboard Cite

“…In developed countries, challenges of population aging are associated primarily with the negative impact of aging on economic growth, and the need to plan for additional public and private outlays for old age income support and health care (MacKellar 2000). In Sri Lanka, a developing country, these challenges are compounded by several facts.…”

Section: Introductionmentioning

confidence: 97%

Population Aging and Labour Market Participation of Old Workers in Sri Lanka

Vodopivec

Arunatilake

2011

Population Ageing

View full text Add to dashboard Cite

Sri Lanka's population is predicted to age very fast during the next 50 years, bringing a potential slowdown of labor force growth and after 2030 its contraction. Based on a large and detailed survey of old people in Sri Lanka, conducted in 2006, the paper examines labor market consequences of this process, focusing on employment outcomes of old workers and the reasons and determinants of labor market withdrawal. The paper finds that a vast majority of Sri Lankan old workers are engaged in the informal sector, work long hours, and are paid less than younger workers. Moreover, using hard evidence, it shows that labour market duality characterizing most developing countries carries over to old age: (i) previous employment is the most important predictor of the retirement pathway; (ii) older workers fall into two categories: formal sector workers, who generally stop working before age 60 because of mandatory retirement regulations, and casual workers and the self-employed, who, due to poverty, work till very old ages and stop working primarily because of poor health; and (iii) the option of part-time work is used primarily by former formal sector workers.

show abstract

The Predicament of Population Aging: A Review Essay*

Cited by 25 publications

References 44 publications

Population ageing and productivity: A survey with implications for New Zealand

Population ageing and productivity: A survey with implications for New Zealand

Predicaments in the futures of ageing democracies

Population Aging and Labour Market Participation of Old Workers in Sri Lanka

Contact Info

Product

Resources

About