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Wage Disparities among Workers

Question

Explain the causes and consequences of an ageing population.

Category:

Demographic Factors and Population

Preview Answer

STEPS TO WRITE ESSAY 💡MAIN POINTS💡OVERVIEW
I. Introduction
- Brief explanation of the concept of ageing population
- Importance of understanding the causes of ageing population

II. Cause 1: Fall in the death rate
- Explanation of how better healthcare, nutrition, income, and lifestyles contribute to a lower death rate
- Statistics and examples to support the argument

III. Cause 2: Fall in the birth rate
- Explanation of how higher cost of raising children, fall in child benefit, increase in women working, increase in use of family planning, fall in infant mortality, and reduction in need for children to support parents due to provision of state pensions or healthcare contribute to a lower birth rate
- Statistics and examples to support the argument

IV. Cause 3: Rise in net emigration of mainly young-aged people
- Explanation of how higher incomes abroad and increase in job opportunities abroad contribute to a rise in net emigration of mainly young-aged people
- Statistics and examples to support the argument

V. Implications of an ageing population
- Explanation of the economic implications of an ageing population, such as increased healthcare costs, decreased workforce, and changes in consumer behavior
- Statistics and examples to support the argument

VI. Conclusion
- Recap of the causes of an ageing population
- Importance of addressing the issue of ageing population in economic policy-making.

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