Discuss the causes and economic effects of Australia's aging population in 2007 compared to the projected population in 2027.

Subject  > Area & Country Studies Essays

An aging population can have a significant impact on society in Australia. By the year 2027, there will be a marked increase in the number of Australians over sixty four years of age. The Australian Bureau of Statistics [ABS] (2007a, 4) reports that by 2027 the Australian population aged over sixty four will make up eighteen percent of the Australian population. The figures extracted from [ABS] (2007a, 4) also portray the fact that there is a significant increase in the ageing population when compared to 2007’s thirteen percent of the population being aged over sixty four. This essay will examine the causes of Australia’s ageing population. These causes include: the ageing of the baby boomer generation and improved life expectancies. ...

... of a decline in the area of pediatrics and contraction within the economy contributed by the older generations’ tendency to save more. Overall, it seems the economic effects are more positive than negative. reference list[ABS] (2007a)Australian Bureau of Statistics. 2007a. Executive Summary. Canberra: Australian Govt. Pub Service. (Accessed 16 July, 2007)Marchand (1979)Marchand, P. 1979. Life Inside the Population Bulge: The scared, scrambling lives of the Boomies. 1 Page. www.itseemslikeyesterday.com/1998_fall/article_boomies.asp (Acessed July 16, 2007). Australian Productivity Commission [APC] (2005, 9)Australian Productivity Commission. 2005. Policy Implications of an Ageing Australia. Sydney: Australian Govt. Pub Service. (Accessed 8 July, 2007)(Henry 2004,82)Henry, K. 2004. The Economic Impacts of An Ageing Population. Journal of Statistics, 24 (2): 81-92. (accessed July 7, 2007,

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