The Economic Problem of Population Ageing Essay - 1323 Words

In the contemporary world, the economic problem of population ageing caused is revealing gradually. UNESCO provides a standard that a single country or region in the population over 60 years is more than 10% of the total population, which is into the aging of the population. Both of developed and developing countries in recent years have to face more serious aging impacts for economic progress. According to population prospects (2009), the whole world will accelerate the pace of ageing after 2010. More precisely, share of elderly people is 22% in rich countries and 8% in poorer countries, whereas these figures will rise to 33% and 20%, respectively. Why does aging become a problem? The U.S. Census study points out that the worldwide ageing†¦show more content†¦Consequently, in serious countries, some jobs will lack of employees to carry out. Secondly, in order to promptly resolve the shortage of labour caused by ageing, many countries have extended the time of retirement of the elderly. To illustrate, China plans to start gradually raise the retirement age from 60 to 65 from 2010. However, this approach may give rise to many controversies. Provided that the retire time to be late, civil servants will support this resolution. As a consequence, a number of university graduates will more difficult to find a job, and some laid-off workers will face delayed pensions; therefore, that government need to consider a wide ranges of citizen interests. Lastly, Skirbekk of the International Institute (The Economist, 2009, p.10), researched the relationship between age and personal productivity, reached that productivity in various job descends gradually in middle age. As a common sense, when people reach middle age, health and intelligence will begin to decline; thus the production efficiency of the elderly will not be better than young. Particularly, in the use of high-tech skills, the old usually lose young; thus employers may think that the elderly will affect the productivity of workers. The Economist (2009 , p10) put forward a solution that let active young and experienced old man work together Chart 1. country Early retiring age Normal age Employed, 55–59Show MoreRelatedThe Problem Of Ageing Population Essay979 Words   |  4 Pages People are having longer life due to economic well-being, better nutrition and improvement of medical facilities. Ageing population has entailed an increasing share of old persons in the population. However, longer life expectancy has resulted in the ageing of population and has caused worldwide concerns of the problems it may consequently arouse. 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