Population Aging: Facts, Challenges, and Responses
AbstractThe world’s population is growing older, leading us into uncharted demographic waters. There will be higher absolute numbers of elderly people, a larger share of elderly, longer healthy life expectancies, and relatively fewer numbers of working-age people. There are alarmist views – both popular and serious – in circulation regarding what these changes might mean for business and economic performance. But the effects of population aging are not straightforward to predict. Population aging does raise some formidable and fundamentally new challenges, but they are not insurmountable. These changes also bring some new opportunities, because people have longer, healthier lives, resulting in extended working years, and different capacities and needs. The key is adaptation on all levels: individual, organizational, and societal. This article explores some potentially useful responses from government and business to the challenges posed by aging.
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Bibliographic InfoPaper provided by Program on the Global Demography of Aging in its series PGDA Working Papers with number 7111.
Date of creation: May 2011
Date of revision:
population; aging; longevity; fertility;
This paper has been announced in the following NEP Reports:
- NEP-AGE-2011-09-16 (Economics of Ageing)
- NEP-ALL-2011-09-16 (All new papers)
- NEP-DEM-2011-09-16 (Demographic Economics)
- NEP-HEA-2011-09-16 (Health Economics)
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