The silver lining of an aging population
Economists often warn that an abundance of elders will be problematic for the economy. But new research shows that such a demographic shift could be a good thing.
An aging populace, we’ve been told by policymakers, economists, and the media, poses one of the most vexing global economic challenges, and the repercussions of dwindling work populations are often portrayed as an impending crisis. But according to the authors of a new study, who reviewed the most recent literature on the effects of aging on a range of economic issues, a reduced population growth rate should benefit people and the planet — provided we plan for it in the right way.
With modern healthcare and improvements in sanitation, people are living longer. Meanwhile, broader access to reliable birth control means many people are having fewer children. This is leading to a higher proportion of people in older age groups.
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