November 2023
03Nov

The Impact of Population Aging on Financial Services and Economic Development

By Hongyu Fang With the increasing aging population, it has had a profound impact on the financial services industry and economy. This study aims to explore the effect of population aging on the financial service industry and economy and propose corresponding countermeasures and suggestions. The aging population has brought challenges to the financial services industry. The increase in the elderly population has led to a rise in demand for financial products and services. Financial institutions innovate and develop financial products...

November 3, 2023
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October 2023
20Oct

Preparing for an Aging Africa: Data-Driven Priorities for Economic Research and Policy

By Madeline E. Duhon, Edward Miguel, Amos Njuguna, Daniela Pinto Veizaga & Michael W. Walker The over-60 population in Sub-Saharan Africa is expected to grow rapidly in the coming decades, tripling between 2020 and 2050. Despite this explosive projected growth, few countries in the region have implemented policies designed to support older populations. Further, little research in economics has specifically examined aging in Sub-Saharan Africa, though many opportunities exist for economists to generate research evidence to inform the design of...

October 20, 2023
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September 2023
22Sep

Aging in Latin America and the Caribbean: social protection and quality of life of older persons

By Natalia Aranco, Mariano Bosch, Marco Stampini, Oliver Azuara Herrera, Laura Goyeneche, Pablo Ibarrarán, Deborah Oliveira, Maria Torre Retana Reyes, William D. Savedoff & Eric Torres Ramírez  In this report, we analyze older persons quality of life in Latin America and the Caribbean, its relationship with social protection policies, and how these policies must adapt to respond to population aging. We create a measure of quality of life of older persons which combines healthy life expectancy and income security. For...

September 22, 2023
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22Sep

Population Aging and Economic Growth: From Demographic Dividend to Demographic Drag?

By Rainer Kotschy & David E. Bloom  This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950–2015. We then juxtapose the estimates with predicted shifts in population age structure to project economic growth in 2020–2050. Our results indicate that population aging will slow economic growth throughout...

September 22, 2023
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01Sep

The Demographic Outlook: 2022 to 2052

By Congressional Budget Office The size of the U.S. population, as well as its age and sex composition, affect the economy and the federal budget. For example, the size of the working-age population affects the number of people employed; likewise, the size of the population age 65 or older affects the number of beneficiaries of Social Security and other federal programs. The Congressional Budget Office projects the population in future years by projecting fertility, net immigration, and mortality. (In this report,...

September 1, 2023
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01Sep

Family Planning Confronts Delayed Retirement in China: The Retirement Intention of Only-Child Parents

By Xiao Yu, Yingdong Xu, Yue Sun & Luyao Jiao By establishing a labor-retirement model within China’s unique intergenerational support culture and one-child policy, this study provides evidence of the one-child policy’s early effect on individuals’ retirement decisions. This finding highlights a contradiction between the retirement intentions of the 1960s and 1970s generations, who are most affected by the one-child policy, and the delayed retirement policy of Chinese government. Utilizing data from the CHARLS 2011-2018 and employing OLS, IV, and...

September 1, 2023
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August 2023
25Aug

Retirement Security: Income and Wealth Disparities Continue through Old Age

By GAO Income and wealth inequality in the United States have increased over the last several decades. We looked at whether these trends continue for older Americans as they age. We compared income and wealth for all older households from 1989 through 2016 and found households in the top 20% saw disproportionately greater gains than other households. We also looked at income and wealth for a group of older Americans as they aged. We found disparities in income decreased, possibly due to...

August 25, 2023
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July 2023
07Jul

The 2021 Ageing Report: Underlying Assumptions and Projection Methodologies

By Directorate-General for Economic and Financial Affairs & Economic Policy Committee With a view to ensuring the sustainability of public finances in the EU, the ECOFIN Council charged the Economic Policy Committee (EPC) with producing a new set of long-term budgetary projections by 2021, on the basis of new population projections to be provided by Eurostat. Safeguarding the sustainability of public finances requires that the analysis is based on reliable, comparable information on possible challenges to fiscal sustainability, including strains...

July 7, 2023
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June 2023
23Jun

Understanding issues facing LGBT older adults

By Movement Advancement Project & Sage It is estimated that there are approximately 2.7 million LGBT adults aged 50 and older in the United States, 1.1 million of whom are 65 and older. Understanding Issues Facing LGBT Older Adults provides an overview of their unique needs and experiences so that service providers, advocates, the aging network, and policymakers can consider these factors when serving this population or passing laws that impact older adults and the LGBT community. Read book “here”

June 23, 2023
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16Jun

Long-Term Care Equality Index 2023

By Kelley Robinson & Michael Adams The Long-Term Care Equality Index (LEI) is a program of SAGE and the Human Rights Campaign Foundation (HRCF). The goal of the LEI is to create a network of LTCCs across the country that are providing a welcoming home for older LGBTQ+ people. The Long-Term Care Equality Index 2023 represents the first validated survey on LGBTQ+ inclusion in long-term care and senior housing communities. The Human Rights Campaign Foundation and SAGE are excited to present...

June 16, 2023
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