The fiscal consequences of shrinking populations by Benedict Clements, Kamil Dybczak, Vitor Gaspar, Sanjeev Gupta and Mauricio Soto published by IMF (10/2015). “Shrinking populations pose a formidable fiscal challenge. Declining fertility and increasing longevity will lead to a slower-growing, older world population. In most countries, population is projected by the United Nations (UN) to peak sometime this century and decline thereafter. For the world, the share of the population older than age 65 could increase from 12 percent today to 38 percent by 2100…”
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