Aging Population Essay

1250 words - 5 pages

In the beginning of last century, the world population was 1.65 billion while the current population reached 7 billion in 2012 (United Nations, Web). Among this 7 billion people, 810 million are older person. According to the United Nations, person of the age 60 is considered as older person, but many developed countries categorize person of the age 65 as older person. In The Study of Population published in 1959 by Philip Hauser and Otis Dudley Duncan, “aging population” was not appeared in it. At that time, the world did not pay much attention to the aging issue as the world population was still young. But it is a big issue to the world as the number of older person exceed the number of younger person now.
The aging population has become a major concern all over the world. The rising life expectancy, declining birth rates and fertility control are some major factors related to the aging population and causing the rising of dependency ratio, increasing government spending on health care and pension, increasing the tax pay by current tax payers, shortage of working population and reducing capital flow in the money market. Among the problems, shortage of labor in the market is a serious concern to the government as labor is a key factor for the economic growth of a country. In order to solve the problems of the aging population, many government and scholars suggest some solutions to it. They propose to alter the immiagration policy, raising the retirement age, encourage participation rate for older person and female workers and increase the birth rate.
Immigration is a direct and fastest way to replace the shortage of worker in the market. Many countries in the world has experienced the aging population problem, different countries have different ways to solve it. Canada is importing the young labor force all over the world to replace the labor supply due to the lost cause by aging. The immigratants help to replace the position that the Canadians do not to work on. Also, “the Conference Board of Canada has found that immigration has a positive impact on innovation at many levels; it asserts that immigrants represent a high proportion of those who are recognized for achievements in research and the arts, that they improve innovation in Canadian businesses and that they expand Canada’s trade relations” (Elegersma, Simeone, Roy-Cesar, Theckedath 8). The immigrants, besides filling up the emply spot causes by shortage of labor in the market, they bring the new life in Canadian trading sector.
The birth rate keeps declining after the baby boom period reach the end of early 1960s and the prolonged life expectancy have caused the shortage of labor force in our market today. Many people who were borned during the baby boom period has reached the retiring age, this could create a gap in the labor market as there are not enough supply of labor force locally. This could slow dow the economy activity. Life expectancy in certain selected...

Find Another Essay On aging population

The Aging Effects of Canada’s Population

3981 words - 16 pages The Aging Effects of Canada's Population It was 1947, World War II had finally come to a halt and Canadian soldiers were sent home. The large number of males returning back to their countries quickly made up for lost time which, in turn, triggered the Baby Boom. The United States, Australia, and New Zealand were all faced with baby booms; however, Canada had the loudest boom of all which lasted from 1947 to 1966. At

Report on Characteristics and Consequences of an Aging Population

3140 words - 13 pages Report on Characteristics and Consequences of an Aging Population An ageing population is a population that, for a number of reasons, is collectively and gradually growing older. The main reasons for this are falling birth rates while death rates remain static. An ageing population can, however, have severe consequences for a country, which will be described below. In this report, the characteristics and

Discuss the causes and economic effects of Australia's aging population in 2007 compared to the projected population in 2027.

1144 words - 5 pages An aging population can have a significant impact on society in Australia. By the year 2027, there will be a marked increase in the number of Australians over sixty four years of age. The Australian Bureau of Statistics [ABS] (2007a, 4) reports that by 2027 the Australian population aged over sixty four will make up eighteen percent of the Australian population. The figures extracted from [ABS] (2007a, 4) also portray the fact that there is a

The Graying of America - Population aging.

1027 words - 4 pages Security cash-flow imbalance. The surplus will be gone. The amounts needed by the Social Security system, even in the early years, are not insignificant. In 2015 experts believe that the government will have to find approximately $57 billion to meet its obligations. By 2020 the number will have grown to $232 billion.The demographic makeup of America is changing. The share of the population over the age of 65 will continue to grow well into the

The Aging Population: Dementia in Focus

1119 words - 5 pages /diversity/downloads/gen_edu-10steps.pdf Commission, A. D. (2011, 12 7). Dementia State Plan. Retrieved 3 5, 2013, from Virginia Department for the Aging:$file/RD227.pdf Donate. (2014). Retrieved 3 5, 2014, from Alzheimer's Association: Helping You. (2014). Retrieved 3 5, 2014, from Alzheimer's Association:

The Aging Population: Dementia in Focus

1246 words - 5 pages with Dementia, they believe that cognitive impairment is a normal sign of aging. Amongst members of this culture, a popular coping mechanism for illness is prayer and faith in God for answers and support (Alzheimer’s Association). As with the African American culture, the Hispanic and Latino culture can relate their ideologies of dementia as a “normal” age-related occurrence. These specific cultures often times view health care professionals as

Aging population and how it is effecting Australia.

1340 words - 5 pages Australia is a country of geographical paradoxes. One particular point foreigners note about Australia is its sheer size. It boasts an area the size of North America - minus Alaska - yet its population is a mere 21 million. One of Australia's biggest problems these days is its declining farming industry, yet the area of its agricultural land alone is greater than the combined land area of France and Japan. While it is the driest continent in the

Successful Aging Elderly (SAE)

2495 words - 10 pages Successful Aging Elderly (SAE) Introduction In elderly population most of the research carried out so far emphasizes on the functional problems and diseases. When it comes to successful aging elderly (SEA), it has been recommended that health status should be used to distinguish between elderly subgroups populace and disease-free people possible describe successful aging elderly (SAE). The research papers aims to describe a transitory overview

Knowledge: Attitudes about Aging and Aging Anxiety by By Linda J. Allan and James A. Johnson

1926 words - 8 pages class. The median age of the participants was 21 years old. Females made up 61.5% of the sample population. African Americans made up 9.8% of the sample population. 86.2% of the sample population identified as White.4.1% identified as Other. The final questionnaire consisted of 119 items for assessing students’ perceptions of a wide range of issues pertaining to their knowledge, attitudes, and experiences with the aged and aging education. The

Diverse Populations or Non-Dominant Social System

1544 words - 6 pages become noticed like wrinkles and gray hair slowing down or decline in physical capabilities. Then reaching the age of older adults has an increase to disease and disabilities. With this mourn of aging on diverse population has missed the maturity status of how with their experience, we can learn best from those individuals who have given their life to learning, studying, and sharing what they have accomplished in their years of aging giving to the


1089 words - 5 pages beliefs about the aging and the elderly. The United States population aged 65 and over was 33.2 million in 1994 with forecasts from the Census Bureau that this demographic group will more than double to 80 million elderly in 2050 (Economics and Statistics Administration, 1995). Medical advances, a decline in birth rates, increased wealth and improved public awareness of wellness and prevention have also affected the increased number of elderly

Similar Essays

The Aging American Population Essay

1111 words - 4 pages The Aging American Population The American population has changed dramatically over the last century. Our society has become effected by this in all areas and walks of life. It is unknown what the future holds for America, but the statistical trends

India’s Aging Population Essay

1320 words - 5 pages illustrates how India’s population will age. The drastic change in structure between 2015 and 2060 is more clearly shown in Table 1. Table 1 Aging scenario in the country Year Total population (million) Population of 60+ (million) Percent aged 60+ 2000 1008.94 76.84 7.60 2025 1351.80 168.50 12.50 2050 1572.05 324.31 20.60 (Krishnaswamy et al 260) Over the first half of this century the old-age cohort almost triples, which

Canadian's Aging Population Essay

2020 words - 8 pages There is diversity among all Canadian, hence there is differences among the aging population. Not all seniors are aging well and have the appropriate programs and services to meet their needs. Some seniors are victims of abuse and some are living in isolation and poverty. Some seniors suffer from chronic illness and other socio-economic factors limit the amount of money they can put away for retirement. Hence these middle and low income elderly

Aging Population In China, Japan And Korea

1286 words - 5 pages China, Japan and Korea have lots of similarities; such as they start economic development and growth within a short period of time, which is 1960s of Japan, Korea in1970s and China had economic reform since 1978. They have successfully controlled their population growth which population transition from high birth rate to low birth rates in a short period of time. Population aging is one of the social issues which they are facing. This essay will