Jan 01, 2008
Download This paper published by Deloitte Touche Tohmatsu explains the challenges faced by state governments to serve the aging population. That population in the developed world is aging, and some countries face declining populations. These changes will lead to in an increasing problem of old-age dependency and, in many countries, a wide gap between government expenditure and revenue. Three factors - openness to immigration, higher fertility rates, and increases in average retirement ages - will somewhat mitigate the potential problems in the United States, compared with Japan and much of Europe.