Can Rich Countries Afford to Grow Old?
[15 July 2005 - The Brookings Institution] Observers in many industrialized countries believe population aging represents a serious economic threat. Increases in the percentage of the population past retirement age may impose unsustainable burdens on future workers. Either taxes or government debt will have to rise substantially to pay for old-age income support. This paper considers the extent of these burdens and corrects the widespread impression that the burdens are unsupportable. Population aging means that contributions needed to support the retired elderly must rise. But this extra burden will be at least partly offset by a reduced need to support the dependent young, who will become relatively less numerous. The extra burden of an aging population would be smaller still if labor force participation rates among the working-age and elderly populations increased. Indeed, employment rates among the nonaged have risen in nearly all the industrialized countries as a growing percentage of women has entered the work force. Many countries, including the United States, have adopted policies to encourage work among people past the traditional retirement age. ...
ageing as exile?
This blog explores the intersection of aging, creativity, purpose, transition, learning and well-being. It is edited by Steve Dahlberg.
"Exile is the cradle of nationality," according to Michael Higgins, Ireland's former minister of arts, culture and the Gaeltacht. We should "presuppose a sort of dialogue among exiles" who are together in a new place. Viewing ageing as "exile" offers a new (and positive) perspective about exile and ageing - one that can lead to older people better understanding their common "nationality" of what it means to be fully human - to be part of a greater whole.
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