top of page

Effects of Population Size on a Country's Prosperity

Question

Discuss whether or not a government should be worried about an increase in the proportion of its population aged over ➡️6➡️5.

Category:

Demographic Factors and Population

Frequently asked question

Preview Answer

I. 🍃Introduction
- Brief explanation of the topic

II. Reasons why an aging population may have negative effects
- Increase in the cost of pensions
- Possible need to raise taxes
- Increase in dependency ratio
- Decrease in the number of people in the labor force
- Loss of skills
- Increase in the cost of healthcare
- Reduction in the mobility of the labor force
- Decrease in productivity due to less familiarity with new technology

III. Reasons why an aging population may have positive effects
- Longer life expectancy as a feature of economic development
- Possibility of raising retirement age
- Encouragement of a rise in birth rate
- Encouragement of immigration to increase the labor force
- Older workers have more experience and may have higher productivity
- Improvements in healthcare may mean people are healthier at older ages

IV. 👉Conclusion
- Summary of the points made
- Final thoughts on the topic

Ops... End of preview!

Already purchased Economics Study Pack subscription? Amazing! Click below

What's included 
 
✔️Full essay
✔️Tips
✔️Diagrams
✔️Marking Schemes
✔️Examiner's report

Economics Study Help
bottom of page