全球智库信息集成服务系统(G2TT): The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25498
来源ID	Working Paper 25498
	The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population
	Finn Kydland; Nick Pretnar
发表日期	2019-02-04
出版年	2019
语种	英语
摘要	Throughout the 21st century, population aging in the United States will lead to increases in the number of elderly people requiring some form of living assistance which, as some argue, is to be seen as a burden on society, straining old-age insurance systems and requiring younger agents to devote an increasing fraction of their time toward caring for infirm elders. Given this concern, it is natural to ask how aggregate GDP growth is affected by such a phenomenon. We develop an overlapping generations model where young agents face idiosyncratic risk of contracting an old-age disease, like for example Alzheimer's or dementia, which adversely affects their ability to fully enjoy consumption. Young agents care about their infirm elders and can choose to supplement elder welfare by spending time taking care of them. Through this channel, aggregate GDP growth endogenously depends on young agents' degree of altruism. We calibrate the model and show that projected population aging will lead to future reductions in output of 17% by 2056 and 39% by 2096 relative to an economy with a constant population distribution. Curing diseases like Alzheimer's and dementia can lead to a compounded output increase of 5.4% while improving welfare for all agents.
主题	Microeconomics ; Households and Firms ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Development and Growth ; Growth and Productivity
URL	https://www.nber.org/papers/w25498
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/583172
推荐引用方式 GB/T 7714	Finn Kydland,Nick Pretnar. The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population. 2019.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w25498.pdf（526KB）	智库出版物		限制开放	CC BY-NC-SA	浏览