How Aging Societies May Affect Global Growth Prospects

Claudio Loser, Jose Fajgenbaum, Harpaul Kohli and Ieva Vilkelyte

Global Journal of Emerging Market Economies, 2017, vol. 9, issue 1-3, 38-74

Abstract: Over the next few decades, the United Nations (UN) has projected that the world will experience significant demographic shifts due to lower birth rates and longer lifespans. 1 The world’s population aged 65 and above will increase from 12 percent today to 16 percent in 2050, doubling the old-age dependency ratio 2 to 25.2. These demographic shifts would have material implications. Population aging and its dynamics will influence a number of economic variables and behavioral responses, particularly economic growth, productivity, labor force participation, consumption choice, personal savings and thus investment, and public finances. Population aging is unavoidable, but public policies and technological advances may limit some of its adverse effects.

Keywords: Aging; growth; macroeconomics; demographics (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0974910117747770 (text/html)

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:sae:emeeco:v:9:y:2017:i:1-3:p:38-74

DOI: 10.1177/0974910117747770

Access Statistics for this article

More articles in Global Journal of Emerging Market Economies from Emerging Markets Forum
Bibliographic data for series maintained by SAGE Publications ().