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G20 Insights > Policy Briefs > Macroeconomic Impacts and Policies in Aging Societies

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Macroeconomic Impacts and Policies in Aging Societies

  • Sang-Hyop Lee (University of Hawaii at Manoa)
  • Andrew Mason (East-West Center)
May 8, 2019 | Last updated: December 10, 2020
Tags: Demographics, Social cohesion and the State

Will population aging lead to economic crisis with tepid economic growth, generational inequality, unsustainable public finances, and overlyburdened families? Answering these questions definitively requires data and analysis that has not been available in many countries. The evidence that is available, however, indicates that countries with moderate population aging can pursue policies that will capitalize on the benefits and minimize the costs of population aging. Countries with very low fertility and severe aging will likely face serious economic problems.



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Sang-Hyop Lee Andrew Mason

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