Global Population Aging: Facts, Challenges, Solutions & Perspectives

Author:

Bloom David E.1,Canning David2,Lubet Alyssa3

Affiliation:

1. DAVID E. BLOOM, a Fellow of the American Academy since 2005, is the Clarence James Gamble Professor of Economics and Demography in the Department of Global Health and Population at the Harvard T.H. Chan School of Public Health. His many publications include recent articles in such journals as JAMA: The Journal of the American Medical Association, Finance & Development, and Science.

2. DAVID CANNING is the Richard Saltonstall Professor of Population Sciences and Professor of Economics and International Health in the Department of Global Health and Population at the Harvard T.H. Chan School of Public Health. His many publications include recent articles in such journals as Journal of Political Economy, Journal of Applied Statistics, and Journal of International Development.

3. ALYSSA LUBET is a Research Assistant in the Department of Global Health and Population at the Harvard T.H. Chan School of Public Health. Her research interests include economics, women's health and reproductive health, and population studies.

Abstract

The rapid aging of populations around the world presents an unprecedented set of challenges: shifting disease burden, increased expenditure on health and long-term care, labor-force shortages, dissaving, and potential problems with old-age income security. We view longer life spans, particularly longer healthy life spans, as an enormous gain for human welfare. The challenges come from the fact that our current institutional and social arrangements are unsuited for aging populations and shifting demographics; our proposed solution is therefore to change our institutions and social arrangements. The first section of this essay provides a statistical overview of global population aging and its contributing factors. The second section outlines some of the major challenges associated with widespread population aging. Finally, the third section of the essay describes various responses to these challenges, both current and prospective, facing individuals, businesses, institutions, and governments.

Publisher

MIT Press - Journals

Subject

History and Philosophy of Science,Political Science and International Relations,Social Sciences (miscellaneous),Arts and Humanities (miscellaneous)

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