Publication: A Silver Lining: Productive and Inclusive Aging for Malaysia
Date
2020-11-22
ISSN
Published
2020-11-22
Author(s)
World Bank
Abstract
In 2020, Malaysia passes a crucial
milestone in its demographic trajectory and becomes an aging
society. Driven by a precipitous decline in fertility
accompanied by a sustained rise in life expectancy, in
recent years Malaysia has seen an uptick in the pace of
demographic change. Rapid aging will be one of the most
crucial megatrends affecting Malaysia in coming decades,
raising policy challenges in areas such as employment,
income security, health care, and aged care. The term silver
economy has been coined to encompass all sources of
opportunities that arise from economic activities that serve
the needs and demands of older persons. While rapid aging is
crucially important and will become even more so in coming
decades, through the right choice of policies, the
government of Malaysia can help the country achieve
productive and inclusive aging. The Coronavirus (COVID-19)
pandemic has resulted in an unprecedented crisis with an
enormous health and human toll, as well as exacerbated many
of the policy challenges raised by aging both in the short
term and more structurally. The report analyzes Malaysia’s
demographic, socioeconomic and macroeconomic contexts, as
well as three select key policy areas where critical
knowledge gaps exist–employment, income security, and aged care.
Citation
“World Bank. 2020. A Silver Lining: Productive and Inclusive Aging for Malaysia. The Malaysian Development Experience;. © World Bank, Kuala Lumpur. http://hdl.handle.net/10986/34887 License: CC BY 3.0 IGO.”