In developed countries this will produce a wealth transfer to the younger via the inheritance they receive (larger than otherwise because less has been spent?)
It has come to my attention that although the immediate healthcare costs would be dire and extreme, the long-term economic costs might be lower in future years. This is because if something kills a bunch of old people within a short period under tight triage, this may cost the country less money than having to treat the chronic diseases of old age. Furthermore, very old people generally contribute nothing to the world economy (besides consumption). If a higher proportion of the population is suddenly young does this imply that long-term growth actually higher?
It has come to my attention that although the immediate healthcare costs would be dire and extreme, the long-term economic costs might be lower in future years. This is because if something kills a bunch of old people within a short period under tight triage, this may cost the country less money than having to treat the chronic diseases of old age. Furthermore, very old people generally contribute nothing to the world economy (besides consumption). If a higher proportion of the population is suddenly young does this imply that long-term growth actually higher?