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The Global Demography of Aging

In: Handbook of the Economics of Population Aging

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  • Bloom, D.E.
  • Luca, D.L.

Abstract

Population aging is the 21st century's dominant demographic phenomenon. Declining fertility, increasing longevity, and the progression of large-sized cohorts to the older ages are causing elder shares to rise throughout the world. The phenomenon of population aging, which is unprecedented in human history, brings with it sweeping changes in population needs and capacities, with potentially significant implications for employment, savings, consumption, economic growth, asset values, and fiscal balance. This chapter provides a broad overview of the global demography of aging. It reviews patterns, trends, and projections involving various indicators of population aging and their demographic antecedents and sequelae. The chapter also reviews theories economists use to explain the behavioral changes driving the most prominent demographic shifts. Finally, it discusses the changing nature of aging, the future of longevity, and associated policy implications, highlighting some key research issues that require further examination.

Suggested Citation

  • Bloom, D.E. & Luca, D.L., 2016. "The Global Demography of Aging," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 3-56, Elsevier.
    • Handle: RePEc:eee:hapoch:v1_3
    DOI: 10.1016/bs.hespa.2016.06.002
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    More about this item

    Keywords

    Population aging; Economic demography; Longevity; J11 (Demographic Trends; Macroeconomic Effects; and Forecasts); J14 (Economics of the Elderly); N30 (Economic History—Labor and Consumers; Demography; Education; Health; Welfare; Income; Wealth; Religion; and Philanthropy—General; International; or Comparative);
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative

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