Population aging and social policy

Abstract

Few incentives exist for older persons to make productive contributions to the society, and obstacles to their engagement in productive activities exist. Consequently, large transfers from the working population to the retired are required, and potential contributions of the elderly to societal well-being are lost. Further, adult children often face a long period of being responsible for their aging dependent parents. Changes occurring in the older population challenge this existing arrangement. Not only is the ratio of the older to younger adults increasing, but also an increasing proportion of adults entering old age have the ability to make significance contributions. How might social policy increase the productivity of the elderly and/or reduce the burden of supporting a growing dependent older population. Three major categories of policies responsive to this question are considered. The outcome of these policy debates will significantly shape the future of ageing in the US. -from Author