Show Summary Details
Page of

Economic implications of population ageing 

Economic implications of population ageing
Chapter:
Economic implications of population ageing
Author(s):

Andrew Mason

and Ronald Lee

DOI:
10.1093/med/9780198701590.003.0012
Page of

PRINTED FROM OXFORD MEDICINE ONLINE (www.oxfordmedicine.com). © Oxford University Press, 2016. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Medicine Online for personal use (for details see Privacy Policy and Legal Notice).

date: 18 October 2019

For decades to come, population ageing will be one of the most important long-term trends affecting the economies of high-income and many developing countries. Government budgets are threatened as growth in revenue declines and growth in spending, particularly on pensions and healthcare, rises. The effects of ageing on the public sector are less important, however, than the effects on economic growth and standards of living. Slow growth in the working-age population is a serious concern, but three other ageing-related changes will have favourable effects. First, people are healthier and can extend their working lives. Second, older societies will be wealthier with ample resources available to fund needed investment. Third, smaller cohorts of workers will have benefitted from higher spending on their health and education. The decline in numbers may be more than offset by the increase in their productivity.

Access to the complete content on Oxford Medicine Online requires a subscription or purchase. Public users are able to search the site and view the abstracts for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.