[Consequences of population aging on social expenditures].

Abstract

The impact of demographic aging on social expenditures is examined, with particular reference to Canada. "The merits of four of the mechanisms or means that are proposed to alleviate the additional cost of aging are reviewed: economic growth, increase in the labour force participation rate, economies of scale and [restructuring] of social expenditures. We bring up many uncertainties regarding the mechanisms or means proposed. Therefore we should not take for granted that the effect of aging will be easily absorbed." (SUMMARY IN ENG)