Identify and explain one social consequence and one economic consequence that countries face as their population age. One social consequence would be increased immigration which would result in increased cultural diversity and growth of ethnic neighborhoods.
In general, longevity has increased while fertility has declined resulting in an increase in the proportion of the older people. Aging of the population affects all aspects of the society including health, social security, education, socio-cultural activities, family life and the labor market.
What is an economic consequence of an aging population?
An aging population and slower labor force growth affect economies in many ways—the growth of GDP slows, working-age people pay more to support the elderly , and public budgets strain under the burden of the higher total cost of health and retirement programs for old people.
What are the problems with an aging population?
A rapidly aging population means there are fewer working-age people in the economy. This leads to a supply shortage of qualified workers , making it more difficult for businesses to fill in-demand roles.
Uneven development leads to people migrating . This can be voluntary migration where people search for a better life (pull factors). People who do this known as economic migrants. Others are forced to move as the result of natural disasters or wars.
Is ageing population good or bad?
Nowadays much is made of the UK’s ageing population. ... Indeed, having an ageing population does have its negatives . For instance, an ageing population increases the dependency ratio and means that the government has to pay more in benefits to people who often do not have the ability to pump money back into the economy.
How can the impact of an ageing population be reduced?
- Raising retirement age. ...
- Pensions for those on low incomes. ...
- Increase importance of private sector providing pensions and health care (encourage private pensions) ...
- Increase income tax to pay for pension costs.
What is the impact of ageing on the older person?
Common health conditions associated with ageing. Common conditions in older age include hearing loss, cataracts and refractive errors , back and neck pain and osteoarthritis, chronic obstructive pulmonary disease, diabetes, depression, and dementia.
Aging has become a social problem because institutions in the modern society do not meet the needs of the elderly people who are weak . The elderly face stigmatization because they are not in a position to adapt to the society full of youth-oriented norms.
What are the causes and consequences of an aging population?
The ageing of the world’s populations is the result of the continued decline in fertility rates and increased life expectancy . This demographic change has resulted in increasing numbers and proportions of people who are over 60. ... access to age-friendly primary health care; creation of age-friendly environments.
What country has the highest aging population?
| Rank Country % 65+ (of total population) | 1 China 11.9 | 2 India 6.1 | 3 United States 16 | 4 Japan 28.2 |
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How can we stop the aging population?
- Increase Retirement Age. 1.1. More tax revenue and consumer spending. 1.1.1. ...
- Encourage Immigration. 2.1. Reduces dependency ratio. 2.1.1. ...
- Increase Income Tax. 3.1. May discourage people from living in a certain country. 3.1.1. ...
- Encourage Private Pensions. 4.1. Reduces government’s pension burden. ...
- Euthanasia. 5.1. Unethical.
Are ageing populations really bad for the economy?
It turns out the evidence that aging populations harm economic growth is far from conclusive . ... The nations with slower population growth — up to and including negative population growth — actually saw faster growth for both GDP per capita and worker productivity.
What are the effects of uneven development?
There are problems with UNEVEN DEVELOPMENT that directly affect people’s quality of life and standard of living. These are known as INEQUALITIES – extreme differences between poverty and wealth , as well as in peoples’ wellbeing and access to things like jobs, housing and education.
What are the consequences of uneven development wealth?
| Consequence Impact | Health Health care is patchy in LICs. There is a disproportionate amount of avoidable deaths in LICs. | Economic Migrants Disparities in wealth cause people to move country in order to seek out more reliable or better paid employment. |
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How does uneven development affect the wealth of a country?
Uneven development creates differences between countries . higher income countries (HICs) have a lot of money and so they have the power to make decisions that affect lower income countries (LICs) .
