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Economic Implications of an Ageing Australia

Author

Listed:
  • Productivity Commission

Abstract

The commissioned study research report into the ‘Economic Implications of an Ageing Australia’ was released April 2005. The Commission found that one quarter of Australians will be aged 65 years or more by 2044-45, roughly double the present proportion. This gives rise to significant policy challenges. The Commission maintains that policy responses would have to be broad and at all levels of government. Policy measures will be needed to reduce the fiscal pressure from ageing and/or to finance the fiscal gap. Reforms would be needed in key human service areas, such as health and aged care, where the pressures of an ageing population will impact most. The resulting fall in labour force participation would also need to be addressed. The Commission shows that raising labour force participation and productivity can partly offset the impacts of an ageing population. These would enhance income growth, helping to sustain economic growth and living standards, and increase the capacity to ‘pay’ for the costs of ageing, as well as through taxation.

Suggested Citation

  • Productivity Commission, 2005. "Economic Implications of an Ageing Australia," Research Reports, Productivity Commission, Government of Australia, number 16.
  • Handle: RePEc:ris:prodcs:16
    Note: 470 pages
    as

    Download full text from publisher

    File URL: http://www.pc.gov.au/__data/assets/pdf_file/0020/69401/ageing.pdf
    Download Restriction: no

    File URL: http://www.pc.gov.au/projects/study/ageing/docs/finalreport
    Download Restriction: no

    Citations

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    Cited by:

    1. Braun, Sebastian & Friedl, Andreas & Groll, Dominik & Bachmann, Ronald & Giesecke, Matthias & Kramer, Anica & Paloyo, Alfredo & Sachs, Andreas, 2012. "Demografie und Wachstum: Die gesamtwirtschaftlichen Effekte einer höheren Erwerbstätigkeit Älterer. Gutachten im Auftrag der Initiative Neue Soziale Marktwirtschaft (INSM) GmbH. Endbericht," RWI Projektberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, number 72614.
    2. Prosser, Brenton & Clark, Shannon & Davey, Rachel & Parker, Rhian, 2013. "Developing a public health policy-research nexus: An evaluation of Nurse Practitioner models in aged care," Evaluation and Program Planning, Elsevier, vol. 40(C), pages 55-63.
    3. repec:eee:hapoch:v1_713 is not listed on IDEAS
    4. Y. TAMSAMANI, Yasser, 2017. "L’évolution des dépenses de santé au Maroc : une analyse des déterminants démographiques et macro-économiques
      [The Evolution of the Health Expenditures in Morocco: A Demographics and Macroeconomics
      ," MPRA Paper 83996, University Library of Munich, Germany, revised 18 Jan 2018.

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