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| | ==Policy issues and the future== | | ==Policy issues and the future== |
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| | + | === Demographics and an economy === |
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| | + | ''See also:'' [[Demography]] |
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| | + | [[Demography]] is the study of human populations, and is a major specialty in the disciplines of sociology, economics, history, geography, statistics and epidemiology. Demography studies such factors as population size and distribution over time and space, using rates of birth, death, marriage and fertility, as well as emigration and immigration. |
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| | + | According to Investopedia: |
| | + | {{Cquote|Demographics—statistical data related to a population—play a key role in rates of economic growth. That's because the makeup of any population can influence the supply of labor and productivity—known as the demographic dividend. |
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| | + | Labor force participation, birth rates, the different ages of those in the workforce, and their skills and education can have an impact on a nation's economic prosperity.<ref>[https://www.investopedia.com/articles/investing/012315/how-demographics-drive-economy.asp How Demographics Drive the Economy], Investopedia, 2023</ref>}} |
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| | + | For more information, please see: |
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| | + | *[https://www.investopedia.com/articles/investing/012315/how-demographics-drive-economy.asp How Demographics Drive the Economy], Investopedia, 2023 |
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| | + | *[[Size of a working age population in a country and its correlation with national GNP in advanced economies]] |
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| | ===Old Age issues=== | | ===Old Age issues=== |
| | Old age is increasingly becoming the number one demographic policy issue in industrialized countries. With fewer and fewer working-age adults, and a fast-growing elderly population that demands more social security payments, medical services, and nursing home care, every major country is faced with the political, economic and social issues of handling this long-term transition. The problem is perhaps least threatening in the United States, where a steady flow of younger immigrants is reducing the aging effect. The problem will be greatest in Japan, Italy and Spain, which are aging very rapidly. | | Old age is increasingly becoming the number one demographic policy issue in industrialized countries. With fewer and fewer working-age adults, and a fast-growing elderly population that demands more social security payments, medical services, and nursing home care, every major country is faced with the political, economic and social issues of handling this long-term transition. The problem is perhaps least threatening in the United States, where a steady flow of younger immigrants is reducing the aging effect. The problem will be greatest in Japan, Italy and Spain, which are aging very rapidly. |