How Aging Societies May Affect Global Growth Prospects
Harpaul Alberto Kohli and
Global Journal of Emerging Market Economies, 2017, vol. 9, issue 1-3, 38-74
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 worldâ€™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)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sae:emeeco:v:9:y:2017:i:1-3:p:38-74
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 ().