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Should America save for its old age? : Population aging, national saving, and fiscal policy

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Welfare-improving health expenditure subsidies

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Should America Save for its Old Age? Population Aging, National Saving, and Fiscal Policy

Elmendorf, Douglas W.; Sheiner, Louise - 2000

While popular wisdom holds that the United States should save more now in anticipation of the aging of the baby boom generation, the optimal response to population aging from a macroeconomic perspective is not clear cut. Indeed, Cutler, Poterba, Sheiner, and Summers ("CPSS", 1990) argued that...

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