South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth

The six countries of South East Europe (SEE6) are aging fast and catching up with developed economies that are already far advanced in the aging process. Low fertility rates are reducing working-age populations across the SEE6. The adverse SEE6 demographic dynamic is aggravated by emigration. In th...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	LIVING STANDARDS EMPLOYMENT UNEMPLOYMENT RATES RIGHTS POPULATION DECLINE ECONOMIC GROWTH WORKING-AGE POPULATION PRODUCTION OLD AGE SKILLED WORKERS RETIREMENT ABUSE INCOME EMPLOYMENT OPPORTUNITIES LIVE BIRTHS COUNTRIES OF ORIGIN INFORMATION LABOR FORCE PUBLIC SERVICES REPLACEMENT LEVEL POLITICAL ECONOMY HEALTH CARE LEGAL STATUS EFFECTS FAMILY MEMBERS INCENTIVES ADULT EDUCATION HIGH BLOOD PRESSURE REAL WAGES LABOR FORCE PARTICIPATION EARLY RETIREMENT LONGER LIFE OLD-AGE HOSPITAL LIFE EXPECTANCY WORKING- AGE POPULATION SAFETY NETS KNOWLEDGE POLICY RESPONSE LABOR MARKET MATERNITY LEAVE FAMILY POLICIES TRAINING REASSIGNMENT EDUCATIONAL ATTAINMENT POPULATION GROWTH FERTILITY RATES EFFECTS OF POPULATION AGE POPULATIONS PRODUCTIVITY LABOR PRODUCTIVITY UNEMPLOYED FERTILITY RATE MIGRATION TRANSFERS AGE DISTRIBUTION ADOPTION OLDER WORKERS MARKETS DISSEMINATION MORTALITY RATE DEPENDENCY RATIO STANDARDS DEPENDENCY RATIOS LABOR CARDIOVASCULAR DISEASE DISADVANTAGED CHILDREN MORTALITY CHILD CARE OLDER PARTNER ELDERLY WORKING-AGE POPULATIONS MARKET ECONOMIES RESPECT UNEMPLOYMENT CHILDBIRTH DEMOGRAPHIC TRANSITION INFANT MORTALITY HUMAN CAPITAL INFANT OLDER PEOPLE WAGES POLICIES WOMAN PENSIONS POLICY MAKERS LIFELONG LEARNING DEMOGRAPHIC CHANGE LONG-TERM CARE EARLY CHILDHOOD CATALYSTS POPULATIONS POPULATION DECLINES POLICY ECONOMICS HEALTH POLICIES DEMOGRAPHIC TRENDS MANAGEMENT RISK FACTORS CHILD MORTALITY HEALTH SYSTEM CHILDREN PER WOMAN ECONOMIC OPPORTUNITIES QUALITY EDUCATION RESOLUTION LONG- TERM CARE WAR INVESTMENT RISK POPULATION PROJECTIONS IMMIGRATION SUPPLY DISABILITY INNOVATION LOWER FERTILITY POPULATION LABOR SUPPLY LAW HIGH UNEMPLOYMENT LABOR MARKET ADJUSTMENT LIVING CONDITIONS UNEMPLOYMENT BENEFITS LOW FERTILITY FERTILITY WOMEN LABOUR LIFE SPANS REMITTANCES HEALTHY LIFE LABOR MARKETS OUTCOMES SAFETY COMPLICATIONS INFANT MORTALITY RATE HEALTH SERVICES ADVERSE EFFECTS PEACE EARLY CHILD CARE ECONOMIC CONDITIONS
Online Access:	http://documents.worldbank.org/curated/en/2015/09/25763131/impact-aging-economic-growth http://hdl.handle.net/10986/23670

id	okr-10986-23670
recordtype	oai_dc
spelling	okr-10986-236702021-04-23T14:04:16Z South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth World Bank Group LIVING STANDARDS EMPLOYMENT UNEMPLOYMENT RATES RIGHTS POPULATION DECLINE ECONOMIC GROWTH WORKING-AGE POPULATION PRODUCTION OLD AGE SKILLED WORKERS RETIREMENT ABUSE INCOME EMPLOYMENT OPPORTUNITIES LIVE BIRTHS COUNTRIES OF ORIGIN INFORMATION LABOR FORCE PUBLIC SERVICES REPLACEMENT LEVEL POLITICAL ECONOMY HEALTH CARE LEGAL STATUS EFFECTS FAMILY MEMBERS INCENTIVES ADULT EDUCATION HIGH BLOOD PRESSURE REAL WAGES LABOR FORCE PARTICIPATION EARLY RETIREMENT LONGER LIFE OLD-AGE HOSPITAL LIFE EXPECTANCY WORKING- AGE POPULATION SAFETY NETS KNOWLEDGE POLICY RESPONSE LABOR MARKET MATERNITY LEAVE FAMILY POLICIES TRAINING REASSIGNMENT EDUCATIONAL ATTAINMENT POPULATION GROWTH FERTILITY RATES EFFECTS OF POPULATION AGE POPULATIONS PRODUCTIVITY LABOR PRODUCTIVITY UNEMPLOYED FERTILITY RATE MIGRATION TRANSFERS AGE DISTRIBUTION ADOPTION OLDER WORKERS MARKETS DISSEMINATION MORTALITY RATE DEPENDENCY RATIO STANDARDS DEPENDENCY RATIOS LABOR CARDIOVASCULAR DISEASE DISADVANTAGED CHILDREN MORTALITY CHILD CARE OLDER PARTNER ELDERLY WORKING-AGE POPULATIONS MARKET ECONOMIES RESPECT UNEMPLOYMENT CHILDBIRTH DEMOGRAPHIC TRANSITION INFANT MORTALITY HUMAN CAPITAL INFANT OLDER PEOPLE WAGES POLICIES WOMAN PENSIONS POLICY MAKERS LIFELONG LEARNING DEMOGRAPHIC CHANGE LONG-TERM CARE EARLY CHILDHOOD CATALYSTS POPULATIONS POPULATION DECLINES POLICY ECONOMICS HEALTH POLICIES DEMOGRAPHIC TRENDS MANAGEMENT RISK FACTORS CHILD MORTALITY HEALTH SYSTEM CHILDREN PER WOMAN ECONOMIC OPPORTUNITIES QUALITY EDUCATION RESOLUTION LONG- TERM CARE WAR INVESTMENT RISK POPULATION PROJECTIONS IMMIGRATION SUPPLY DISABILITY INNOVATION LOWER FERTILITY POPULATION LABOR SUPPLY LAW HIGH UNEMPLOYMENT LABOR MARKET ADJUSTMENT LIVING CONDITIONS UNEMPLOYMENT BENEFITS LOW FERTILITY FERTILITY WOMEN LABOUR LIFE SPANS REMITTANCES HEALTHY LIFE LABOR MARKETS OUTCOMES SAFETY COMPLICATIONS INFANT MORTALITY RATE HEALTH SERVICES ADVERSE EFFECTS PEACE EARLY CHILD CARE ECONOMIC CONDITIONS The six countries of South East Europe (SEE6) are aging fast and catching up with developed economies that are already far advanced in the aging process. Low fertility rates are reducing working-age populations across the SEE6. The adverse SEE6 demographic dynamic is aggravated by emigration. In the absence of any policy and behavioral responses or changes in labor productivity, and where population aging reflects solely declining overall labor force participation rates, aging itself would be expected to negatively impact economic growth. Boosts in productivity are one of the key ways to counterbalance potential negative effects of aging on economic growth. Changes in both individual and business behavior supported by policies that increase quality of human capital and encourage labor force participation can help seize the opportunities and mitigate the adverse effects of an aging population. 2016-01-19T18:14:13Z 2016-01-19T18:14:13Z 2015-09 Report http://documents.worldbank.org/curated/en/2015/09/25763131/impact-aging-economic-growth http://hdl.handle.net/10986/23670 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Europe and Central Asia Eastern Europe
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	LIVING STANDARDS EMPLOYMENT UNEMPLOYMENT RATES RIGHTS POPULATION DECLINE ECONOMIC GROWTH WORKING-AGE POPULATION PRODUCTION OLD AGE SKILLED WORKERS RETIREMENT ABUSE INCOME EMPLOYMENT OPPORTUNITIES LIVE BIRTHS COUNTRIES OF ORIGIN INFORMATION LABOR FORCE PUBLIC SERVICES REPLACEMENT LEVEL POLITICAL ECONOMY HEALTH CARE LEGAL STATUS EFFECTS FAMILY MEMBERS INCENTIVES ADULT EDUCATION HIGH BLOOD PRESSURE REAL WAGES LABOR FORCE PARTICIPATION EARLY RETIREMENT LONGER LIFE OLD-AGE HOSPITAL LIFE EXPECTANCY WORKING- AGE POPULATION SAFETY NETS KNOWLEDGE POLICY RESPONSE LABOR MARKET MATERNITY LEAVE FAMILY POLICIES TRAINING REASSIGNMENT EDUCATIONAL ATTAINMENT POPULATION GROWTH FERTILITY RATES EFFECTS OF POPULATION AGE POPULATIONS PRODUCTIVITY LABOR PRODUCTIVITY UNEMPLOYED FERTILITY RATE MIGRATION TRANSFERS AGE DISTRIBUTION ADOPTION OLDER WORKERS MARKETS DISSEMINATION MORTALITY RATE DEPENDENCY RATIO STANDARDS DEPENDENCY RATIOS LABOR CARDIOVASCULAR DISEASE DISADVANTAGED CHILDREN MORTALITY CHILD CARE OLDER PARTNER ELDERLY WORKING-AGE POPULATIONS MARKET ECONOMIES RESPECT UNEMPLOYMENT CHILDBIRTH DEMOGRAPHIC TRANSITION INFANT MORTALITY HUMAN CAPITAL INFANT OLDER PEOPLE WAGES POLICIES WOMAN PENSIONS POLICY MAKERS LIFELONG LEARNING DEMOGRAPHIC CHANGE LONG-TERM CARE EARLY CHILDHOOD CATALYSTS POPULATIONS POPULATION DECLINES POLICY ECONOMICS HEALTH POLICIES DEMOGRAPHIC TRENDS MANAGEMENT RISK FACTORS CHILD MORTALITY HEALTH SYSTEM CHILDREN PER WOMAN ECONOMIC OPPORTUNITIES QUALITY EDUCATION RESOLUTION LONG- TERM CARE WAR INVESTMENT RISK POPULATION PROJECTIONS IMMIGRATION SUPPLY DISABILITY INNOVATION LOWER FERTILITY POPULATION LABOR SUPPLY LAW HIGH UNEMPLOYMENT LABOR MARKET ADJUSTMENT LIVING CONDITIONS UNEMPLOYMENT BENEFITS LOW FERTILITY FERTILITY WOMEN LABOUR LIFE SPANS REMITTANCES HEALTHY LIFE LABOR MARKETS OUTCOMES SAFETY COMPLICATIONS INFANT MORTALITY RATE HEALTH SERVICES ADVERSE EFFECTS PEACE EARLY CHILD CARE ECONOMIC CONDITIONS
spellingShingle	LIVING STANDARDS EMPLOYMENT UNEMPLOYMENT RATES RIGHTS POPULATION DECLINE ECONOMIC GROWTH WORKING-AGE POPULATION PRODUCTION OLD AGE SKILLED WORKERS RETIREMENT ABUSE INCOME EMPLOYMENT OPPORTUNITIES LIVE BIRTHS COUNTRIES OF ORIGIN INFORMATION LABOR FORCE PUBLIC SERVICES REPLACEMENT LEVEL POLITICAL ECONOMY HEALTH CARE LEGAL STATUS EFFECTS FAMILY MEMBERS INCENTIVES ADULT EDUCATION HIGH BLOOD PRESSURE REAL WAGES LABOR FORCE PARTICIPATION EARLY RETIREMENT LONGER LIFE OLD-AGE HOSPITAL LIFE EXPECTANCY WORKING- AGE POPULATION SAFETY NETS KNOWLEDGE POLICY RESPONSE LABOR MARKET MATERNITY LEAVE FAMILY POLICIES TRAINING REASSIGNMENT EDUCATIONAL ATTAINMENT POPULATION GROWTH FERTILITY RATES EFFECTS OF POPULATION AGE POPULATIONS PRODUCTIVITY LABOR PRODUCTIVITY UNEMPLOYED FERTILITY RATE MIGRATION TRANSFERS AGE DISTRIBUTION ADOPTION OLDER WORKERS MARKETS DISSEMINATION MORTALITY RATE DEPENDENCY RATIO STANDARDS DEPENDENCY RATIOS LABOR CARDIOVASCULAR DISEASE DISADVANTAGED CHILDREN MORTALITY CHILD CARE OLDER PARTNER ELDERLY WORKING-AGE POPULATIONS MARKET ECONOMIES RESPECT UNEMPLOYMENT CHILDBIRTH DEMOGRAPHIC TRANSITION INFANT MORTALITY HUMAN CAPITAL INFANT OLDER PEOPLE WAGES POLICIES WOMAN PENSIONS POLICY MAKERS LIFELONG LEARNING DEMOGRAPHIC CHANGE LONG-TERM CARE EARLY CHILDHOOD CATALYSTS POPULATIONS POPULATION DECLINES POLICY ECONOMICS HEALTH POLICIES DEMOGRAPHIC TRENDS MANAGEMENT RISK FACTORS CHILD MORTALITY HEALTH SYSTEM CHILDREN PER WOMAN ECONOMIC OPPORTUNITIES QUALITY EDUCATION RESOLUTION LONG- TERM CARE WAR INVESTMENT RISK POPULATION PROJECTIONS IMMIGRATION SUPPLY DISABILITY INNOVATION LOWER FERTILITY POPULATION LABOR SUPPLY LAW HIGH UNEMPLOYMENT LABOR MARKET ADJUSTMENT LIVING CONDITIONS UNEMPLOYMENT BENEFITS LOW FERTILITY FERTILITY WOMEN LABOUR LIFE SPANS REMITTANCES HEALTHY LIFE LABOR MARKETS OUTCOMES SAFETY COMPLICATIONS INFANT MORTALITY RATE HEALTH SERVICES ADVERSE EFFECTS PEACE EARLY CHILD CARE ECONOMIC CONDITIONS World Bank Group South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth
geographic_facet	Europe and Central Asia Eastern Europe
description	The six countries of South East Europe (SEE6) are aging fast and catching up with developed economies that are already far advanced in the aging process. Low fertility rates are reducing working-age populations across the SEE6. The adverse SEE6 demographic dynamic is aggravated by emigration. In the absence of any policy and behavioral responses or changes in labor productivity, and where population aging reflects solely declining overall labor force participation rates, aging itself would be expected to negatively impact economic growth. Boosts in productivity are one of the key ways to counterbalance potential negative effects of aging on economic growth. Changes in both individual and business behavior supported by policies that increase quality of human capital and encourage labor force participation can help seize the opportunities and mitigate the adverse effects of an aging population.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth
title_short	South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth
title_full	South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth
title_fullStr	South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth
title_full_unstemmed	South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth
title_sort	south east europe regular economic report, no. 8s, fall 2015 : the impact of aging on economic growth
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2015/09/25763131/impact-aging-economic-growth http://hdl.handle.net/10986/23670
_version_	1764454491862597632

South East Europe Regular Economic Report, No. 8S, Fall 2015 : The Impact of Aging on Economic Growth

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