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How Does an Aging Population Affect Labor Force and Social Expenditure?
November 21, 2023
What are the implications of an aging population on economic growth?
An aging population can pose challenges to economic growth by impacting the labor force and increasing social expenditure. As the proportion of elderly individuals rises, the labor force may shrink, affecting productivity and potentially leading to labor shortages. Moreover, increased healthcare and pension costs strain government budgets, potentially limiting investment in other sectors.
Tags : Aging Population , Labor Market , Social Expenditure