Defusing the demographic time bomb

Article Abstract:

There is concern about the increasing proportion of pensioners having to be supported by a decreasing proportion of the population in work in developed economies. The proportion of the UK population aged over 65-years-old will rise to 23% in 2031 from 16% in 1994, while the proportion aged from 16 to 64-years-old will fall to 58% from 64%. This will mean more spending on health care and pensions, and will tend to depress economic growth. The government can implement a number of measures to tackle the problem. These include persuading people to fund their own pensions and health care, increasing the age of retirement, and ensuring that a higher proportion of people of working age are in work.

Aged, Elderly, Demographic transition

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Age discrimination: the waste of grey labour

Article Abstract:

Age discrimination is relatively common among employers in the UK. It can be seen at the recruitment stage, when companies advertise for staff only within a certain age range, at the training stage, when older workers receive less training than their younger counterparts, and in the shedding of employees, when older workers are encouraged to take early retirement. The UK government currently has a number of policies designed to tackle age discrimination.

Analysis, Age discrimination

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Export-led growth: never mind the quality feel the width

Article Abstract:

Economic growth can come from exports, government spending, consumer spending and investment. UK exports rose faster than other components of growth in 1994, though this has not been enough to remove the UK's trade deficit. Some 25% of exports are accounted for by 12 companies and much of the UK population has not benefited from this growth. The UK should focus on services since it is more difficult to compete in the market for manufactured goods.

Exports

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