Aging and Its Impact on Municipal Credit
Author: Stephen Stowe.; Tom Gillaspy.; Mehmet Tosun.; Susan Rhodes.
Source: Volume 33, Number 03, Fall 2012 , pp.33-55(23)
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Abstract:
It is well known that the nation’s population is aging at an unprecedented rate, but the impact this trend will have on municipal finances may not be fully understood. This issue touches many important areas beyond health care costs and delivery, including labor force characteristics, voter preferences, education system quality and, ultimately, economic growth. Our panel will frame this issue, interpret recent demographic trends, and explore their implications, including potential policy responses.Keywords: Aging population, demographic change, labor force, voter preferences, health care costs, aging and economic growth
Affiliations:
1: Samson Capital Advisors, LLC; 2: State of Minnesota; 3: University of Nevada, Reno; 4: Clark County Social Services.