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[Market and ageing]
1Laboratoire d'économie et de gestion des organisations de santé (LEGOS), Université Paris-Dauphine, place du Maréchal-de-Lattre-de-Tassigny, 75116 Paris.
Summary
Population ageing transforms life cycles and impacts social security systems. This study examines the economic consequences on job, services, and goods markets for seniors.
Area of Science:
- Gerontology and Demography
- Sociology and Economics
Context:
- Population ageing is a global phenomenon characterized by increased life expectancy and changing life stages.
- Traditional social security systems, designed post-WWII, struggle to meet the needs of an aging population.
- Economic impacts extend beyond social security, affecting various market sectors.
Purpose:
- To analyze the multifaceted economic consequences of population ageing on different markets.
- To investigate the interplay between physiological ageing, job market dynamics, and the demand for senior-specific services and goods.
- To assess the challenges and opportunities presented by an aging demographic for economic structures.
Summary:
- Population ageing presents significant economic challenges, destabilizing social accounting and straining social security funds.
- Key markets impacted include the job market (supply and demand for older workers), the services market for the elderly, and the senior/golden-age goods market.
- Analysis reveals a shift towards reduced public services, increased private production, and evolving financing models for elder care.
Impact:
- Highlights the inadequacy of current social security responses to the needs of the elderly.
- Identifies the growing importance and unique characteristics of the senior and golden-age markets, including technological integration.
- Underscores the need for market and organizational adjustments to accommodate an aging population and workforce, particularly in sectors like healthcare.