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OECD (2015), Ageing: Debate the Issues, OECD Publishing, Paris, http://dx.doi.org/10.1787/9789264242654-en.
OECD Insights are a series of reader-friendly books that use OECD analysis and data to introduce some of todays most pressing social and economic issues. They are written for the non-specialist reader, including interested laypeople, older high-school students and undergraduates. The books use straightforward language, avoid technical terms, and illustrate theory with real-world examples.
The OECD Insights: Debate the Issues series brings together a selection of articles from the OECD Insights blog ( http://oecdinsights.org/ ) on major social and economic issues. Experts from inside the OECD and outside the Organisation present data, analysis and their personal views of the implications of these for our societies and policy making.
The collection on ageing follows a discussion at the 2014 OECD Forum IdeaFactory A New Age ( www.oecd.org/forum/about/ideafactory.htm ). That discussion examined the consequences for pensions and health care, but also the implications of ageing with regard to migration, balancing family and working life and emerging business opportunities to respond to the needs of the elderly.
You can take part in the debate by sending us your comments on the articles on the Insights blog.
The Aeon Mall in the Japanese city of Funabashi offers pretty much everything youd want in a mall groceries, clothes, electronics and more. But it has a few extras, too large-print signs, clinics offering diabetes tests, 5% discounts on pension day, slow-moving escalators, same-day deliveries of bifocal spectacles.
If you havent guessed already, this is a mall with a mission to sell to the elderly. Why? These are the wealthiest, most active, healthiest and longest-living retirement generation in the history of the world, Aeons Jerry Black told the Financial Times .
Across the world, societies are ageing there are fewer younger people and more older people. The numbers are striking: In Japan in 1963 only around 1 in 16 people was aged 65 or over; a half century later, in 2013, the proportion was 1 in 4. Over the same period, Italy saw its elderly population double from less than 1 in 10 to more than 1 in 5. These countries are not alone: Today, there are over 900 million people in the world over the age of 60. By 2050, that number is forecast to rise to 2.4 billion.
The ageing of our societies is a slow and gradual process and not one most of us really notice. But make no mistake, we will all feel its impact.
This edition of OECD Insights: Debate the Issues examines how this great demographic shift will be felt in almost every aspect of our lives in jobs, in healthcare, in pensions and personal finances, in economic growth, in transport and in rich countries and developing countries.
There are two main reasons why our societies are ageing fewer children are being born and people are living longer.
Birth rates have been falling across much of the world in recent years, and OECD countries are no exception. In 1970, the average woman in an OECD country had 2.7 children in her lifetime. Today, the figure is around 1.7. That number is significant because it now means that in all but one OECD country (Israel), birth rates have dipped below the replacement rate of 2.1 children thats needed to maintain a stable population size (excluding any impact from migration).
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