Book

When We're Sixty-Four : Opportunities and Challenges for Public Policies in a Population-Aging Context in Latin America

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collection.link.137
https://openknowledge.worldbank.org/handle/10986/6002
collection.link.313
https://openknowledge.worldbank.org/handle/10986/29311
collection.name.137
Spanish PDFs Available
collection.name.313
International Development in Focus
dc.contributor.author
Rofman, Rafael
dc.contributor.author
Apella, Ignacio
dc.date.accessioned
2020-10-02T15:53:16Z
dc.date.available
2020-10-02T15:53:16Z
dc.date.issued
2020-10-02
dc.date.lastModified
2021-07-03T05:10:40Z
dc.description.abstract
Latin American countries are in the midst of a demographic transition and, as a consequence, a population-aging process. Over the next few decades, the number of children will decline relative to the number of older adults. Population aging is the result of a slow but sustained reduction in mortality rates, given increases in life expectancy and fertility. These trends reflect welcome long-term improvements in welfare and in economic and social development. But this process also entails policy challenges: many public institutions—including education, health, and pension systems and labor market regulations—are designed for a different demographic context and will need to be adapted. When We’re Sixty-Four discusses public policies aimed at overcoming the two main challenges facing Latin American countries concerning the changing demographics. On one hand, older populations demand more fiscal resources for social services, such as health, long-term care, and pensions. On the other, population aging produces shifts in the proportion of the population that is working age, which may affect long-term economic growth. Aging societies risk losing dynamism, being exposed to higher dependency rates, and experiencing lower savings rates. Nonetheless, in the interim, Latin American countries have a demographic opportunity: a temporary decline in dependency rates creates a period in which the share of the working-age population, with its associated saving capacity, is at its highest levels. This constitutes a great opportunity in the short term because the higher savings may result in increases in capital endowment per worker and productivity. For that to happen, it is necessary to generate institutional, financial, and fiscal conditions that promote larger savings and investment, accelerating per capita economic growth in a sustainable way.
en
dc.identifier
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/317921601879563351/when-we-39-re-sixty-four-opportunities-and-challenges-for-public-policies-in-a-population-aging-context-in-latin-america
dc.identifier.isbn
978-1-4648-1605-5
dc.identifier.uri
http://hdl.handle.net/10986/34562
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
International Development in Focus;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
DEMOGRAPHICS
dc.subject
AGING
dc.subject
PUBLIC EXPENDITURE
dc.subject
HUMAN CAPITAL
dc.subject
PENSIONS
dc.subject
HEALTH CARE
dc.subject
LONG-TERM CARE
dc.subject
MORTALITY
dc.subject
MORBIDITY
dc.subject
POPULATION AGING
dc.subject
LABOR MARKET
dc.title
When We're Sixty-Four
en
dc.title.subtitle
Opportunities and Challenges for Public Policies in a Population-Aging Context in Latin America
en
dc.type
Book
en
okr.crossref.title
When We're Sixty-Four: Opportunities and Challenges for Public Policies in a Population-Aging Context in Latin America
okr.date.disclosure
2020-10-02
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1605-5
okr.identifier.report
153495
okr.language.supported
en
okr.language.supported
es
okr.topic
Education :: Knowledge for Development
okr.topic
Education :: Lifelong Learning
okr.topic
Health, Nutrition and Population :: Demographics
okr.topic
Health, Nutrition and Population :: Health Economics & Finance
okr.topic
Health, Nutrition and Population :: Health Insurance
okr.topic
Health, Nutrition and Population :: Health and Poverty
okr.topic
Health, Nutrition and Population :: Population & Development
okr.topic
Social Protections and Labor :: Labor Markets
okr.unit
Health, Nutrition and Population Global Practice; and Social Protection and Labor Global Practice

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