Societal Aging and its Impact on Singapore

Cynthia Chen, Julian Lim, Abhijit Visaria and Angelique Chan

No 31958, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Societal aging is arguably one of our most critical demographic challenges, and Singapore is aging at a much faster rate compared to other countries. Population aging could negatively affect older adults, contribute to an increase in healthcare expenditure and increase caregivers' financial and emotional burden. This chapter provides an overview of the well-being and health and social care needs of older adults in Singapore. Formulating social and public policies that enhance the health span, extend productive life years, support caregivers, and improve community health and social care services are crucial elements to help older adults age successfully. We analyze how aging affects health, financial security, and well-being, exploring correlations between disability levels and these factors. We then discuss policies the Singapore government has implemented or will implement to help older adults age successfully. Lastly, we provide an overview of formal and informal care provided in Singapore, including assessing the overall cost of LTC in Singapore.

JEL-codes: I1 (search for similar items in EconPapers)
Date: 2023-12
New Economics Papers: this item is included in nep-age, nep-hea and nep-sea
Note: AG
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Forthcoming: Societal Aging and Its Impact on Singapore , Cynthia Chen, Julian Lim, Abhijit Visaria, Angelique Chan. in Long-Term Care around the World , Gruber and McGarry. 2024

Downloads: (external link)
http://www.nber.org/papers/w31958.pdf (application/pdf)
Access to the full text is generally limited to series subscribers, however if the top level domain of the client browser is in a developing country or transition economy free access is provided. More information about subscriptions and free access is available at http://www.nber.org/wwphelp.html. Free access is also available to older working papers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:31958

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w31958
The price is Paper copy available by mail.

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().