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Contributors (2007)
BibTeX
@MISC{Rathge07contributors,
author = {Richard Rathge and Richard Rathge and Karen Olson and Ramona Danielson and Rajat Upadhyay},
title = {Contributors},
year = {2007}
}
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Abstract
A growing challenge for policy makers is how to best position North Dakota for the surge of elderly resulting from the graying of the baby boom whose leading edge just turned 60 in 2006. Population projections indicate that the proportion of seniors (i.e., ages 65 and over) in the state will jump from its current level of 15 percent to an estimated 23 percent by 2020. One of the most pronounced impacts of these shifting population dynamics will be on the state’s economy. This study uses simulation modeling to offer decision makers insight into the potential consequences of the rapidly growing elderly population. It contrasts the state’s actual income earnings profi le in the year 2000 with what is projected for the years 2015 and 2020, given the assumption that the age-specifi c distribution of type of earnings remains constant. In short, it illustrates what the state’s income profi le would have looked like if the projected age distribution for 2015 and 2020 replaced what existed in 2000. This simulation highlights the signifi cant challenges that the state will face in terms of potential negative impacts such as labor force shortages and tax implications as a result
Keyphrases
leading edge labor force shortage age-specifi distribution pronounced impact tax implication policy maker decision maker population projection age distribution potential consequence current level state income profi le position north dakota baby boom potential negative impact signifi cant elderly population actual income earnings profi le state economy population dynamic earnings remains
