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Some Economic Consequences of Global Aging : A Discussion Note for the World Bank

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dc.contributor.authorLee, Ronald
dc.contributor.authorMason, Andrew
dc.contributor.authorCotlear, Daniel
dc.date.accessioned2013-05-29T13:19:00Z
dc.date.available2013-05-29T13:19:00Z
dc.date.issued2010-12
dc.description.abstractThe note describes the importance of population aging world-wide, clarifying its prevalence among middle- and low-income countries, which suggests that many developing countries are getting old before they are growing rich. The note then asks in what way population aging is an economic problem and what are the specific challenges facing developing countries in this process. The note argues against the common, time-bomb perception?, and clarifies how a simplistic extrapolation from the impact of aging on single programs such as public pensions gives a misleading impression about the more general macroeconomic consequences of population aging, where numerous elements contribute to a more nuanced result. The note briefly discusses various topics of importance in the population aging debate, including: intergenerational flows, social contracts, the risk management element of old-age policies, and the impact of aging on health care costs. The note seeks to share a number of counterintuitive or simply non-intuitive facts, including: (i) the large impact of declines in fertility on population aging (often more important than increases in longevity); (ii) the impact of increased life expectancy on working age populations (often larger than among old age populations); (iii) the positive impact of aging on capital intensity; (iv) the need to include education in assessments of intergenerational equity (these often simply look at who pays for old-age pensions and health services); and (v) the role of long-term care programs as insurance for risks faced by young adults.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/12/13235535/some-economic-consequences-global-aging-discussion-note-world-bank
dc.identifier.doi10.1596/13603
dc.identifier.urihttps://hdl.handle.net/10986/13603
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesHealth, Nutrition and Population (HNP) discussion paper;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABORTION
dc.subjectADEQUATE HEALTH CARE
dc.subjectADVERSE EFFECTS
dc.subjectADVERSE SELECTION
dc.subjectAGE DISTRIBUTION
dc.subjectAGE GROUPS
dc.subjectAGE POPULATIONS
dc.subjectAGGREGATE DEMAND
dc.subjectAGING
dc.subjectAGING POPULATION
dc.subjectBEHAVIOR CHANGE
dc.subjectBIRTH RATES
dc.subjectCAPITAL LABOR RATIO
dc.subjectCHANGE IN POPULATION
dc.subjectCHILD CARE
dc.subjectCHILD MORTALITY
dc.subjectCHILDBEARING
dc.subjectCONSEQUENCES OF POPULATION
dc.subjectCRISES
dc.subjectDEATH RATES
dc.subjectDEBT
dc.subjectDECLINE IN BIRTH RATES
dc.subjectDECLINES IN FERTILITY
dc.subjectDECLINES IN MORTALITY
dc.subjectDEMOGRAPHIC CHANGE
dc.subjectDEMOGRAPHIC POLICIES
dc.subjectDEMOGRAPHIC TRANSITION
dc.subjectDEPENDENCY BURDEN
dc.subjectDEPENDENCY RATIO
dc.subjectDEPENDENCY RATIOS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISABILITY
dc.subjectDISADVANTAGED GROUPS
dc.subjectEARLY RETIREMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPLICATIONS
dc.subjectECONOMIC RESOURCES
dc.subjectECONOMICS
dc.subjectEFFECTS OF POPULATION
dc.subjectELDERLY
dc.subjectELDERLY POPULATION
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFAMILIES
dc.subjectFAMILY POLICIES
dc.subjectFEMALE LABOR
dc.subjectFEMALE LABOR FORCE
dc.subjectFERTILITY DECLINE
dc.subjectFERTILITY DECLINES
dc.subjectFERTILITY LEVELS
dc.subjectFERTILITY RATE
dc.subjectFERTILITY RATES
dc.subjectFERTILITY TRANSITION
dc.subjectFEWER CHILDREN
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PLANNING
dc.subjectFISCAL POLICY
dc.subjectGLOBAL HEALTH
dc.subjectGLOBAL POPULATION
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT PROGRAMS
dc.subjectGROWTH RATES OF POPULATION
dc.subjectHEALTH CARE
dc.subjectHEALTH CARE COSTS
dc.subjectHEALTH CARE EXPENDITURES
dc.subjectHEALTH CARE SPENDING
dc.subjectHEALTH COST
dc.subjectHEALTH COSTS
dc.subjectHEALTH EXPENDITURES
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH POLICY
dc.subjectHEALTH SERVICES
dc.subjectHEALTH SERVICES RESEARCH
dc.subjectHIGH FERTILITY
dc.subjectHOME CARE
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMANS
dc.subjectHUSBANDS
dc.subjectIMMIGRANT
dc.subjectIMMIGRANTS
dc.subjectIMMIGRATION
dc.subjectIMMIGRATION POLICY
dc.subjectIMPACT OF POPULATION
dc.subjectIMPORTANCE OF POPULATION
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME SECURITY
dc.subjectINFANT
dc.subjectINTEREST RATES
dc.subjectINTERVENTION
dc.subjectINVESTMENT IN CHILDREN
dc.subjectISSUES OF POPULATION
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR SUPPLY
dc.subjectLIFE CYCLE
dc.subjectLIFE EXPECTANCY
dc.subjectLIFE EXPECTANCY AT BIRTH
dc.subjectLONG-TERM CARE
dc.subjectLONGER LIFE
dc.subjectLOW FERTILITY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectLOWER FERTILITY
dc.subjectMARKET FAILURES
dc.subjectMEDICAL CARE
dc.subjectMORAL HAZARD
dc.subjectMORTALITY
dc.subjectMORTALITY DECLINE
dc.subjectMORTALITY DECLINES
dc.subjectNUMBER OF CHILDREN
dc.subjectNUMBER OF WORKERS
dc.subjectNURSING
dc.subjectNURSING HOME CARE
dc.subjectNUTRITION
dc.subjectOLD AGE
dc.subjectOLD-AGE
dc.subjectOLDER PEOPLE
dc.subjectPENSION PLANS
dc.subjectPENSIONS
dc.subjectPHYSICAL DISABILITY
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL SYSTEMS
dc.subjectPOPULATION AGE STRUCTURE
dc.subjectPOPULATION AND DEVELOPMENT
dc.subjectPOPULATION COUNCIL
dc.subjectPOPULATION DIVISION
dc.subjectPOPULATION ESTIMATES
dc.subjectPOPULATION GROWTH
dc.subjectPOPULATION PROJECTIONS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC EDUCATION
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC HEALTH CARE
dc.subjectPUBLIC HEALTH SPENDING
dc.subjectPUBLIC POLICY
dc.subjectRECREATIONAL ACTIVITIES
dc.subjectREMITTANCES
dc.subjectREPLACEMENT LEVEL
dc.subjectRESPECT
dc.subjectRETIREMENT
dc.subjectRISING CONSUMPTION
dc.subjectSEX
dc.subjectSIBLINGS
dc.subjectSOCIAL CONTRACTS
dc.subjectSOCIAL INSTITUTIONS
dc.subjectSOCIAL NORMS
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL WELFARE
dc.subjectTOTAL FERTILITY RATE
dc.subjectUNITED NATIONS POPULATION DIVISION
dc.subjectUNPAID FAMILY WORKERS
dc.subjectWAGES
dc.subjectWOMAN
dc.subjectWORKFORCE
dc.subjectWORKING-AGE POPULATION
dc.subjectWORLD POPULATION
dc.subjectYOUNG ADULTS
dc.subjectYOUNG AGES
dc.subjectYOUNG PEOPLE
dc.titleSome Economic Consequences of Global Aging : A Discussion Note for the World Banken
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2010-12-14
okr.date.doiregistration2025-05-05T12:17:24.740739Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2010/12/13235535/some-economic-consequences-global-aging-discussion-note-world-bank
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeHealth, Nutrition, and Population
okr.guid514061468148166404
okr.identifier.externaldocumentum000333037_20101214003017
okr.identifier.internaldocumentum13235535
okr.identifier.report58408
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/12/14/000333037_20101214003017/Rendered/PDF/584080WP0Box351lobal0Aging01public1.pdfen
okr.sectorPublic Administration, Law, and Justice :: Compulsory health finance
okr.sectorPublic Administration, Law, and Justice :: Public administration- Other social services
okr.sectorEducation :: General education sector
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicSocial Protections and Labor::Labor Policies
okr.topicHealth Monitoring and Evaluation
okr.topicHealth Systems Development and Reform
okr.topicHealth, Nutrition and Population::Demographics
okr.topicHealth
okr.topicNutrition and Population
okr.unitHealth, Nutrition and Population, Human Development Network
okr.volume1 of 1
relation.isAuthorOfPublication051f0151-de1a-5908-8c97-f85c5f09476a
relation.isAuthorOfPublication6cb1a426-f062-5a46-b701-6263cfa17a0b
relation.isAuthorOfPublication.latestForDiscovery6cb1a426-f062-5a46-b701-6263cfa17a0b
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