Increase in life expectancy combined with low fertility causes a significant shift in the age structure of the worldwide population. The purpose of this research is to identify what macroeconomic policies have responded to “aged societies.” Specifically, this macro-level analysis focuses on life expectancy at birth, aging ratio, and the pace of aging. We collected the forty-most “aged countries,” and their macro-level data by using the World Bank World Development Indicator (WDI) and national statistics bureaus data. First, simple regression predicts the three aging-outcomes. Then, based on the findings, the country-specific descriptive analysis will be delivered to find policy implications. The public healthcare and pension which can afford to the following costs of aging will be the crucial policy efforts even sacrificing bigger government debt of the “aged countries.” At the same time, the rapid-paced “aged countries” make an effort to decelerate their aging pace as much as possible.
Presented in Session 94. Cross-National Studies of Retirement Policies and Processes