Ageing and Development by Rob Vos, Jose Antonio Ocampo, Ana Luiza Cortez

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By Rob Vos, Jose Antonio Ocampo, Ana Luiza Cortez

That all of us reside longer may be one of many maximum achievements of human development. but elevated existence expectancy and decrease fertility premiums around the globe are having a huge effect at the constitution of populations, providing either demanding situations and possibilities for the future.

Ageing and improvement is an authoritative research of the social and financial implications of this development. will we offer sufficient pensions for previous humans to dwell conveniently? How can previous humans be empowered to play a extra confident function in society? what is going to the position of grandparents be within the rising new social buildings? What are the results for well-being companies? How can the very outdated be cared for? offering a wealth of statistical and quantitative proof and compiled through top economists operating on the vanguard of this sector, the authors argue that those demanding situations aren't insurmountable, yet societies in all places have to installed position the mandatory rules to confront those demanding situations successfully, supplying a well timed and definitive advisor to the impression of getting older populations.

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Ageing within the working-age population The labour force is itself ageing. 5). 1 per cent in 2050. In the developed countries, the proportions of the youngest (aged 15-29) and the oldest (aged 50-64) segments of the working-age population were of nearly equal size in 2005. However, starting in 2010 the oldest segment of the labour force is projected to become larger than the youngest component. 2 per cent) of the working-age population in the developed countries. In the countries with economies in transition, the crossover between the youngest and oldest segments of the working-age population is expected to take place between 2020 and 2025.

There remain, however, some countries that are only at the start of the transition to low fertility and a very few where fertility decline has not yet started. The changes set in motion by the demographic transition lead to an ongoing transformation of the population age structure, which brings both challenges and opportunities for development. In the early stages of the transition, countries face the challenge of educating large and growing numbers of children and young adults. Later, during the second stage of the transition, an increase in the population of working age creates a favourable age structure and opens up a demographic window of opportunity for economic development.

No single policy intervention seems to have been effective in reversing low fertility. Instead, Governments have used, with modest success, a mix of policies and programmes aimed at directly or indirectly increasing fertility. In France, for instance, generous childcare subsidies have been instituted to reconcile family life with work, and families have been rewarded for having at least three children. In Sweden, several parental policies, including flexible work schedules, quality childcare and extensive parental leave on reasonable economic terms, have allowed many women to raise children while remaining in the workforce (RAND, 2005).

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