Economics of Population Ageing: Factors and Dynamics

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The growth and productivity of any country rest on the pool of human resource it has. The contemporary threat to this human resource asset is seen in the form of ageing which has been altering the demographic structure of most of the developed world and the threat is fast catching up with the developing world too. The sources of population ageing lie in two (possibly related) demographic phenomena: rising life expectancy and declining fertility. The ‘Demographic Window’, enjoyed by some of the Asian countries like China, for the time being is fast closing up, throwing up deep challenges to adapt to the changing population scenario. Some of the important economic implications can be seen in the form of low savings potential, increased health care costs adding burden to public spending, inadequate pension plan regulations and reduced productivity owing to the growing number of old people compared to the young. Ageing has also led to a talent crunch as the number of old people leaving the workforce is more than the addition of the younger lot entering it in countries like the UK, Germany and Australia. As a result, these countries are encouraging immigration as one of the solutions to attract more people to mitigate the population and productivity decline. The pressure build-up on the ‘sandwiched generation’, demand for professional caregiver personnel and sprouting of retirement communities are some of the social aspects touched upon in this book. The aim of the book is to gain an insight into the trends of population ageing around the world. The book addresses the growing concerns amongst the nations which are plagued by the ageing phenomenon.

ABOUT THE AUTHOR Pramod Rao

Pramod Rao holds a Mechanical Engineering degree from the Regional Engineering College, Rourkela. He has 35 years of varied industrial experience. He started his career with Voltas Ltd., where he worked in the marketing division for 18 years and held various senior managerial positions. For the next 17 years he co-founded and ran his own enterprises. He co-founded ‘Raaga Vacations', based at Connecticut, USA and 'BSO', based at Mumbai, India. These firms were involved in tourism marketing business. Later, he co-founded and was Managing Director of 'Glenridge Executives Center Pvt. Ltd.' at Bangalore which offered ready-to-use, fully furnished offices and allied services to MNCs, wanting to begin their operations at Bangalore. He currently heads Icfai Business School Research Centre, Pune.

ABOUT THE AUTHOR Radha Ganesh Ram

Radha Ganesh Ram holds an MA in Economics from Annamalai University, Tamil Nadu and Post Graduate Diploma in Management in Business Finance from Indian Institute of Finance (IIF) , New Delhi. She has worked as a Senior Sales Executive in DHL Worldwide , New Delhi for three years. She also holds four years of experience in teaching as a Lecturer in Economics at St.Theresa Bradford , Bangkok, Thailand. Currently she is working as a Faculty Associate, Icfai Business School Research Centre, Pune.

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Bibliographic information

Title
Economics of Population Ageing: Factors and Dynamics
Author
Edition
1st ed.
Publisher
ISBN
9788131415511
Length
256p.
Subjects