Population Ageing Challenges and Way Forward

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Population ageing occurs when the median age of a country or region rises. With all the facilities brought forward by our modern world and technological advances, longevity has been increasing. On the other hand, fertility has been decreasing since some people perceive motherhood as a hindrance to their career and also in their mad race to their materialistic perception of success. It global phenomenon occurs in most countries and region of the world. Countries like Japan, where 22 million people, almost one sixth of the population are elderly, are on top of the chart closely follow European countries. According to current statistics by 2025,this number would have doubled; in each three people one of them will be an elderly. Data have shown that Mauritius had a population of 1,260,403 in 2007, with the number of people aged 60 and above amounting to 126,080. However, it has been estimated that by 2047, the number will rise to 362,700, since life expectancy will be 74.23 for males and 79.33 for females. We are in an era where this problem can possibly have profound implication on various facets of human life. One aspect that an ageing population can affect is the labor supply in agencies. It is obvious that in coming years the large baby-boom cohort will reach retirement age and leave the labor force. Today there are four working people for every retired person The European Union predicts a declining labor force after 2010.Moreover the number of regions within the European Union and across the world will experience a labor force decline that will increase sharply in the forthcoming decades. Dealing with this problem is of paramount concern, not only for the government but also for the employing bodies, agencies and individual employers. The effect of this demographic shift will place additional pressure
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