A Study on the Economic Effects of Aging Populations in the World

The phenomenon of population aging of age is an increasing concern for the economies of various countries. In other words, due to the combination of decline in birth rates and increase in life expectancies, there is a structural change of populations towards the older age groups. Therefore, this paper is targeted at studying the consequences of aging populations on economy, mainly labour market structures, economic performance, health systems, and insurance systems. In addition to that, the paper examines the impact on developed versus developing countries, and discusses potential policy solutions to offset the negative effects on the economy.