Global population aging and its economic consequences

Introduction -- The demography of population aging -- First principles of population aging -- The demographic transition in slow motion -- The demographic transition in real time -- Population aging and dependency -- International variation in old age dependency ratios -- Consumption and production over the life cycle -- More refined measures of production and consumption -- Estimated consumption and earning for third world populations -- The U.S.: consumption skewed to the elderly -- The changing balance of earners and consumers -- The Indian support ratio from 1950 to 2100 -- The U.S. support ratio over the 21st century -- Population aging and the accumulation of wealth -- Aging and saving rates -- The real world: institutions and intergenerational transfers -- Capital saturation, transfer policy, national debt, and trade -- Capital intensification in industrial nations -- How much capital do we want? -- Conclusions -- References -- About the author