All articles tagged with #population aging
In China, a low fertility rate and rapidly aging population are fueling a new industry where young adults hire themselves out as 'shared' or 'outsourced' children to accompany lonely elders, aided by Time Bank, while safety and regulatory concerns loom.
Top central bankers from Japan, Europe, and the UK warn that aging populations in rich economies will require increased immigration of foreign workers to sustain economic growth and stabilize prices, as low birth rates and longer lifespans lead to labour shortages and higher dependency ratios, with implications for inflation and productivity.
Vietnam has officially abolished its two-child policy to address a declining fertility rate and aging population, encouraging families to have more children amid economic and social challenges, although public response remains cautious due to high living costs and personal preferences.
The US labor force participation rate (LFPR) currently stands at 62.5%, 0.8 percentage point below its level in February 2020. Nearly all of the participation gap can be explained by population aging, which caused a significant rise in the number of retirements. Higher retirement rates compared to pre-COVID have had only a modest effect, while disability has virtually no effect. The increase in disability has no effect on the participation gap because the increase is entirely accounted for by individuals that remain in the labor force.