Essay on The Aging Population of the Last Century - 967 Words

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, â€Å"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†¦show more content†¦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 countries has an average rise of 9 years from 1965 to 2005, however, many western courtries set the retirement age to 65. However, when the birth rate between those years keep falling and this causes the steady supply of manpower to the market. Some suggest to raise the retirement age and â€Å"various countries such as France, Ireland, Greece, and the United Kingdom have recently raised the normal legal retirement age† (Bloom, Boersch-Supan, McGee, Seike). In UK, between 2024 and 2046, the retirement age for men and women will rise g radually from 65 to 68. In this way, the retirement age has aShow MoreRelatedThe Aging American Population Essay648 Words   |  3 PagesThe 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 in an aging population may shed some light. The Read MoreDemographics of the Aging Population1103 Words   |  5 Pageshead: DEMOGRAPHICS OF THE AGING POPULATION Demographics of the Aging Population University of Phoenix Health Care Consumer - Trends and Marketing HCS-490 Ann Fairchild July 31, 2011 Demographics of the Aging Population The aging population is one the most rapidly increasing issue across the nation today. According to demographic data, it has been gradually developing over the last two hundred years. 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