At Issue: Population aging is one of the key demographic trends facing the world today. Aging is particularly pronounced in developed countries, with the median age projected to rise to 45 by 2050. What are the economic effects of an aging population? How does increased dependency of elders on working-age adults affect consumption and government finances, today and in the future? This paper sheds light on these pressing issues.
Oct 7, 2008
Economic Effects of an Aging Population
As elderly market will grow bigger, young market will shrink smaller. Population Aging problem should be carefully handle.
At Issue: Population aging is one of the key demographic trends facing the world today. Aging is particularly pronounced in developed countries, with the median age projected to rise to 45 by 2050. What are the economic effects of an aging population? How does increased dependency of elders on working-age adults affect consumption and government finances, today and in the future? This paper sheds light on these pressing issues.Novelty: Population aging represents a source of potential economic crisis for developed nations. Furthermore, this phenomenon is likely to get worse in the future. The paper paints a stark picture of what we may expect as the elderly become a larger proportion of the population, and provides a complete picture that is lacking in other, less broad studies of this topic. The basic message is clear: with fewer workers supporting more people, something has to be given up.
At Issue: Population aging is one of the key demographic trends facing the world today. Aging is particularly pronounced in developed countries, with the median age projected to rise to 45 by 2050. What are the economic effects of an aging population? How does increased dependency of elders on working-age adults affect consumption and government finances, today and in the future? This paper sheds light on these pressing issues.
Novelty: Population aging represents a source of potential economic crisis for developed nations. Furthermore, this phenomenon is likely to get worse in the future. The paper paints a stark picture of what we may expect as the elderly become a larger proportion of the population, and provides a complete picture that is lacking in other, less broad studies of this topic. The basic message is clear: with fewer workers supporting more people, something has to be given up.
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