Diverting the Old Age Crisis: International Projections of Living Standards in the 21st Century


 

Publication Date: July 2000

Publisher: Center for Economic and Policy Research

Author(s): Dean Baker

Research Area: Economics

Keywords: Worker productivity; Standard of living; Wage inequality

Type: Report

Coverage: United States

Abstract:

The problems of dealing with an aging population have been given considerable attention in many OECD countries in the 1990s. The projections in this paper suggest that this concern may be somewhat misplaced since the potential increase in tax burdens will be dwarfed by productivity growth.