2 edition of Macroeconomic effects and policy challenges of population aging found in the catalog.
Macroeconomic effects and policy challenges of population aging
Natalia T. Tamirisa
|Statement||prepared by Natalia T. Tamirisa and Hamid Faruqee.|
|Series||IMF working paper -- WP/06/95|
|Contributions||Faruqee, Hamid., International Monetary Fund. European Dept.|
|The Physical Object|
|Pagination||23 p. :|
|Number of Pages||23|
Get this from a library! Aging and the macroeconomy: long-term implications of an older population. [National Research Council (U.S.). Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population.] -- "The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population. “Thailand’s population is rapidly aging and will have a huge impact on all of us.” said Siriwan Aruntippaitune, Expert on the Elderly at Thailand’s Department of Older Persons (DOP), “Many entities, including the media are frequently raising this topic to the public, however, most of us, especially the working age population, are unaware of the various challenges we are going to face.
Population aging is one of the most important demographic features that has come into prominence in the twenty-first century. In general, longevity has increased while fertility has declined resulting in an increase in the proportion of the older people. Aging of the population affects all aspects of the society including health, social security, education, socio-cultural activities, family. A rapidly aging population means there are fewer working-age people in the economy. This leads to a supply shortage of qualified workers, making .
The aging population trend in the United States will impose a shortage of trained workers, forcing the nation to find substitutes of one kind or another or face a significant growth shortfall. Rethinking population ageing in the SDG era According to World Population Prospects (United Nations, ), by , 1 in 6 people in the world will be over the age of 65, up from 1 in 11 in
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Macroeconomic Effects and Policy Challenges of Population Aging Prepared by Natalia T. Tamirisa and Hamid Faruqee1 Authorized for distribution by Juan Jose Fernández-Ansola April Abstract This Working Paper should not be reported as representing the views of the by: 2.
Simulations show that population aging is likely to slow economic growth and improvements in living standards. Although reforms to raise labor force participation and productivity growth can mitigate these adverse effects, they are unlikely to eliminate the need for fiscal reforms.
Macroeconomic Effects and Policy Challenges of Population Aging by Faruqee Hamid and Tamirisa Natalia T | Paperback & E-Book for Sale This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where.
Abstract. With the gradual ageing of population, reduced labor force and savings, China’s economic growth will significantly slow down and trigger a series of problems such as falling real estate prices, old age and health care endowment deficit, which Author: Yudong Yao, Haiming Tan.
Get this from a library. Macroeconomic effects and policy challenges of population aging. [Natalia T Tamirisa; Hamid Faruqee] -- This paper simulates the macroeconomic effects of population aging in a dynamic overlapping generations model of a small open economy. The model is calibrated to data for the Czech Republic, where.
Macroeconomic Effects and Policy Challenges of Population Aging. To mitigat e the macroeconomic effects of population aging, private savings also will need to adjust in preparation for aging. Population ageing poses challenges for countries’ economies, and the health of older populations is of concern.
Older people have greater health and long-term care needs than younger people, leading to increased expenditure. They are also less likely to work if they are unhealthy, and could impose an economic burden on families and society.
In this paper, we first present an overview of the aging situation globally and the challenges that result from it. Then we explain some of the reasons behind demographic shifts in different countries, and how a graying population affects macroeconomic systems.
An older, more-diverse American population is driving meaningful changes to the economy. Examining the underlying data helps reveal important trends that lead to better policy and investing decisions. Despite the challenges presented by the aging of America, the United States is well positioned for the future because of the millennial cohort.
Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. It is expected that by the yearLatin America and the Caribbean will have 41 million elderly, % of the total population.
By this percentage will increase to %. The stunning growth of the elderly demands special attention of policy and decision-makers.
Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S.
population, as well as its societal implications and likely long-term macroeconomic effects in a global context. This process of worldwide aging presents challenges in terms of macroeconomic growth and stability. The age composition of the population directly affects the supply of factors of production in the economy, with an older population being associated with.
behavioral, and policy forces crucial to understanding and guiding the effect of population aging on economic growth.
Population Aging: Facts, Force, and Future In this section, we present a series of key facts regarding past and projected future population aging, and briefly consider some of the related policy implications.
The data and. It is evident that population aging causes a wide range of socio-economic effects when it appears [18, 19], since the increase of the cohort of older people can affect, among other aspects, the. resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population.
This report presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. Population aging is widely expected to have detrimental effects on aggregate economic growth.
However, we have little empirical evidence about the actual existence or magnitude of such effects. In this paper, we exploit differential aging patterns at the state level in the United States between and Many states have already experienced high growth rates of the 60+.
Population aging is widely assumed to have detrimental effects on economic growth yet there is little empirical evidence about the magnitude of its effects.
This paper starts from the observation that many U.S. states have already experienced substantial growth in the size of their older population and much of this growth was predetermined by. examine the economic and policy implications of population aging.
The economic effects of demographic changes are manifested through two main channels: (1) on the demand side, population aging has implications for aggregate consumption and saving propensities and (2) on the supply side, changes in the age structure have implications for labor.
Aging and the Macroeconomy: Long-Term Implications of an Older Population, Committee on the Long-Run Macroeconomic Effects of the Aging U.S. Population, Board on Mathematical Sciences and Their Applications, Division on Engineering and Physical Sciences, and Committee on Population, Division of Behavioral and Social Sciences and Education.Recent developments in global population trends characterized by low birth rates and rising life expectancy are leading to a graying population worldwide.
Aging is bound to have pervasive effects on economic growth, inflation, house and equity prices, public spending and taxation, education and healthcare provision, and wealth distribution.Explains that concerns about the economic impact of population aging in the Europe and Central Asia (ECA) Region arise from three sets of observations, comprised of the macroeconomic impact; the impact on labor markets; and the impact on poverty and inequality.