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Population Aging: Facts, Challenges, and Responses

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  • Bloom, David E.
  • Börsch-Supan, Axel
  • McGee, Patrick
  • Seike, Atsushi

    (Munich Center for the Economics of Aging (MEA))

Abstract

The world’s population is growing older, leading us into uncharted demographic waters. There will be higher absolute numbers of elderly people, a larger share of elderly, longer healthy life expectancies, and relatively fewer numbers of working-age people. There are alarmist views – both popular and serious – in circulation regarding what these changes might mean for business and economic performance. But the effects of population aging are not straightforward to predict. Population aging does raise some formidable and fundamentally new challenges, but they are not insurmountable. These changes also bring some new opportunities, because people have longer, healthier lives, resulting in extended working years, and different capacities and needs. The key is adaptation on all levels: individual, organizational, and societal. This article explores some potentially useful responses from government and business to the challenges posed by aging.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Bloom, David E. & Börsch-Supan, Axel & McGee, Patrick & Seike, Atsushi, 1970. "Population Aging: Facts, Challenges, and Responses," MEA discussion paper series 201224, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    • Handle: RePEc:mea:meawpa:201224
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    References listed on IDEAS

    as
    1. David E. Bloom & David Canning & Günther Fink, 2010. "Implications of population ageing for economic growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 583-612, Winter.
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    5. David Bloom & David Canning & Günther Fink & Jocelyn Finlay, 2009. "Fertility, female labor force participation, and the demographic dividend," Journal of Economic Growth, Springer, vol. 14(2), pages 79-101, June.
    6. Jonathan Gruber & David A. Wise, 1999. "Introduction to "Social Security and Retirement around the World"," NBER Chapters, in: Social Security and Retirement around the World, pages 1-35, National Bureau of Economic Research, Inc.
    7. Atsushi Seike, 2008. "Pensions and Labour Market Reforms for the Ageing Society," Palgrave Macmillan Books, in: Harald Conrad & Viktoria Heindorf & Franz Waldenberger (ed.), Human Resource Management in Ageing Societies, chapter 3, pages 29-42, Palgrave Macmillan.
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