Economic Progress

The myth of an "ageing society"

A boy enjoys the sun on a skateboard while elderly people sit on a bench in Berlin January 13, 2008. REUTERS/Johannes Eisele (GERMANY)

Societal ageing is generally detrimental to a country's economic health as it reduces workforce and increases burdens on healthcare systems. Image: REUTERS/Johannes Eisele

Andrew Scott
Professor of Economics, London Business School
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Economic Progress

The number of people over 60 looks set to increase dramatically by 2050. Image: United Nations: World Population Prospects
Figure 1: The average age of the US population is steadily rising, whilst mortality shrinks. Image: Project Syndicate
Image: Project Syndicate
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Economic ProgressFuture of WorkGlobal Governance
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