We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...

The vast majority of the world's nations will experience a dramatic change in the structure of their "population pyramids" over the next forty years. Longer life expectancies and decreasing birth rates in all but a handful of countries will result in an enormous increase in the number and...

The developed world is in the midst of an enormous demographic transition, with life expectancy increasing and fertility falling, leading to a rapid aging of the population. This trend has critical implications for long-term care around the world. This paper serves as the introduction to a...