Some economies are already experiencing the negative effects of aging populations, needless to say Japan is one of them. There are on-going debates suggesting (1)loosening immigration laws to allow flows of foreign labor force in countries where it is needed and (2)promoting family-friendly labor laws and practices to encourage women to give birth and have careers at the same time. This is definitely an issue that policy makers should study.
I’m glad you and Tyler Cowen are carrying the torch on the upcoming aging crisis. Ignoring the aging and debt crises will only make them more deadly and difficult to reverse.
Under some of the projections, developed countries like Japan and Singapore will experience negative growth. It’s notable that slow-growing poor countries lik Pakistan could also experience negative economic growth.
Under some of the projections, developed countries like Japan and Singapore will experience negative growth. It’s notable that slow-growing poor countries lik Pakistan could also experience negative economic growth. For those countries, negative growth could mean no improvement in living standards.
Some economies are already experiencing the negative effects of aging populations, needless to say Japan is one of them. There are on-going debates suggesting (1)loosening immigration laws to allow flows of foreign labor force in countries where it is needed and (2)promoting family-friendly labor laws and practices to encourage women to give birth and have careers at the same time. This is definitely an issue that policy makers should study.
Kudos to those 14 states! Very good policy solution.
I’m glad you and Tyler Cowen are carrying the torch on the upcoming aging crisis. Ignoring the aging and debt crises will only make them more deadly and difficult to reverse.
Under some of the projections, developed countries like Japan and Singapore will experience negative growth. It’s notable that slow-growing poor countries lik Pakistan could also experience negative economic growth.
Under some of the projections, developed countries like Japan and Singapore will experience negative growth. It’s notable that slow-growing poor countries lik Pakistan could also experience negative economic growth. For those countries, negative growth could mean no improvement in living standards.
Observing the rate of economic growth in Japan now and in the near future may be a good indicator of how an aging population slows economic growth.