Elderly Population
As a traditional Jewish blessing goes, “May you live to a hundred and twenty.” For most individuals, longevity means one can enjoy life more. However, a large population of the elderly can sometimes put a nation under great stress. Owing to the development of society and various historical reasons, China is now challenged by a large elderly population in many fields like economy, policy and so on. As an inevitable social problem, the issue has aroused great concern. Nevertheless, effective measures can be taken to mitigate this problem, such as easing the policy of birth control, raising the retirement age by progressive steps as well as developing the economy which serves as the material basis.
China, a country with a large population, is
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It is estimated by demographers that the ratio of population aged 65 and over to those aged 15-64 will arrive at a peak of 34.1% in 2042 (Liang, Tu& Chen,1986). Thus one major negative effect is that in the 2050s, a shrinking number of workers may not be able to satisfy the great demand of the elderly group (Fuchs, 1998), which at the same time will intangibly add to the young generation’s burden, both physically and mentally. Moreover, population aging may further result in a shortage of young employees, which will in turn have a negative impact on the improvement of productivity. Last but not least, increasing size of the elderly group can also challenge the old social security system. For example, the financial burdens of pensions and health care for the government will be heavier (Song& CHU, …show more content…
Germany, a developed country with the same aging problem, is planning to raise its standard retirement age from current 65 to 67 (Hofäcker& Naumann, 2015). However, in China, the statutory retirement age for the blue collar workers is generally 60 for males and 55 for females (He, 2010). So there still exist some room for China to adjust its current policy. At the same time, reasonably raising the retirement age can ease the financial burdens of pensions for the government to some degree. Moreover, in some particular occupations, having older people means more experienced specialists, and they will help a lot to improve the productivity. However, there is something that cannot be measured by money, such as satisfaction and happiness of the elderly. Therefore, that measure will definitely have a negative effect on those who are willing to have a relatively relaxed retirement
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