"I knew things were bad elsewhere, but I didn't realize just how bad. Europe is projected to have an 18% population decline over the next 45 years. By 2050,30% of the Chinese population will be over 65. Over that same time period,Japan's worker to retiree ratio is projected to be -- get this -- 0.3. That is not a typo. There will be three retirees for every worker. This is caused in part by very low fertility rates (estimated to be 1.32 for the past 5 years; this contrasts with our recent estimated rate of 2.11). Japan's problems are also exacerbated by a total lack of immigration: our new immigration is almost as large on a yearly basis as is Japan's entire population of foreign nationals."
Lots of interesting information about demographics and good links to the information sources.
Here (pdf) is a simple outline by James M. Poterba of some of the issues related to demographic change,asset accumulation and prices
No comments:
Post a Comment