We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

The rapidly aging populations of many developed countries--most notably Japan and member countries of the European …, Japan, and the United States), the authors offer an empirical and theoretical analysis and a simulation of the effects of …