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Population Ageing in Malaysia: Economic and Policy Challenges from a Systematic Review (2010–2024)

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  • Nurulashikin Romli

    (Faculty of Business and Management, University Technology MARA Cawangan JohorKampus Segamat, Malaysia)

Abstract

Malaysia is experiencing a significant demographic shift, driven by rising life expectancy and declining fertility rates. By 2030, individuals aged 60 and above are expected to comprise over 15% of the population. This study undertakes a systematic literature review (SLR) of research published from 2010 to 2024, focusing on the economic and financial implications of population ageing within Malaysia. Only 14 articles within the domains of Economics, Econometrics, and Finance met the criteria, highlighting a notable research gap. The analysis underscores major concerns, including increased healthcare expenditure, pension sustainability, and labour market transitions. This paper calls for integrated policy frameworks and intensified interdisciplinary research to support the socio-economic well-being of Malaysia’s ageing population.

Suggested Citation

  • Nurulashikin Romli, 2025. "Population Ageing in Malaysia: Economic and Policy Challenges from a Systematic Review (2010–2024)," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(5), pages 4340-4346, May.
    • Handle: RePEc:bcp:journl:v:9:y:2025:issue-5:p:4340-4346
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    References listed on IDEAS

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    1. Zaiton Osman & Phang Ing@Grace & Azaze-Azizi Abd Adis & Izyanti Awg Razli & Mohd Rizwan Abd Majid & Imbarine Bujang, 2016. "Retirement Planning & Job Satisfaction: Cushion to Avoid Bridge Employment?," Asian Social Science, Canadian Center of Science and Education, vol. 12(1), pages 30-41, January.
    2. Shi Yin Chee, 2020. "COVID-19 Pandemic: The Lived Experiences of Older Adults in Aged Care Homes," Millennial Asia, , vol. 11(3), pages 299-317, December.
    3. Naohiro Ogawa & Norma Mansor & Sang-Hyop Lee & Michael R.M. Abrigo & Tahir Aris, 2021. "Population Aging and the Three Demographic Dividends in Asia," Asian Development Review, MIT Press, vol. 38(1), pages 32-67, March.
    4. Koris, Roshanim & Mohamed Nor, Norashidah & Haron, Sharifah Azizah & Hamid, Tengku Aizan & Aljunid, Syed Mohamed & Muhammad Nur, Amrizal & Ismail, Normaz Wana & Shafie, Asrul Akmal & Yusuff, Suraya & , 2019. "The Cost of Healthcare among Malaysian Community-Dwelling Elderly," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(1), pages 89-103.
    5. Naohiro Ogawa & Taiyo Fukai & Norma Mansor & Nurul Diyana Kamarulzaman, 2022. "Cognitive Functioning among Older Adults in Japan and Other Selected Asian Countries: In Search of a Better Way to Remeasure Population Aging," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 39(01), pages 91-130, March.
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