Welfare Systems, Aging and Work: An OECD Perspective.Report as inadecuate

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One of the major structural changes facing European economies is the adjustment to an older and more slowly growing population. Aging and lower fertility rates will result in a smaller proportion of the population being in the working age, especially after the year 2010. Estimates are that by 2030 there could be only 2 employed persons for every elderly person, compared with the current proportion of 3 working persons for every elderly person and about 5 workers to each elderly person in 1960. This situation is the result of the baby boom generation population moving through the age groups, of people living longer, and of the encouragement for earlier and earlier retirement. These trends will result in a strain on the welfare and retirement systems of Europe unless the trends can be changed through public policy responses. If public policy changes are made to increase the time workers are active in the labor market and to encourage workers to diversify their sources of retirement income, the strain on welfare resources can be ameliorated. (An appendix, making up half the document, profiles welfare systems in OECD countries Europe.) (Contains 10 references.) (KC)

Descriptors: Aging (Individuals), Baby Boomers, Cohort Analysis, Delivery Systems, Developed Nations, Economic Impact, Foreign Countries, Older Adults, Older Workers, Policy Formation, Population Distribution, Population Trends, Poverty, Public Policy, Retirement, Retirement Benefits, Welfare Services

For full text: http://www.oecd.org/eco/freedoc/ivjan00.pdf.

Author: Visco, Ignazio

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=9814&id=ED451336

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