The population of western Europe is aging steadily, and the region's birthrate is well below the replacement level, but Europe's elderly are exceptionally healthy. That means they could be more productive for longer than their predecessors were. If western European governments learn to tap this potential, healthy aging could become the region's next great economic asset.
Speakers: Joseph F. Coughlin and Kelly Michel Presider: Michael W. Hodin
Joseph Coughlin and Kelly Michel discuss how a healthy and active aging population can contribute to economic growth, and the public policy reform, new business strategies, and profound shifts in views on aging necessary to take advantage of this opportunity.
Speakers: David Beers, Peter S. Heller, and Michael W. Hodin Presider: Michael Waldholz
Experts discuss the effect of global aging on public policy and investor communities in relation to predicated health and social costs, as part of CFR's Corporate Program and the Roundtable Series on Aging Populations.
Speaker: Michael W. Hodin Speaker: Robert D. Hormats Speaker: Jane E. Shaw
The World Health Organization has deemed "Aging and Health" the theme of this year's World Health Day, observed on April 4, recognizing its importance as a global issue. As the United States moves toward a new demographic landscape—by 2020 the number of Americans older than the traditional retirement age will have grown considerably—policy implications and innovation are likely to follow at home and abroad. Please join Michael Hodin, Robert Hormats, and Jane Shaw to discuss what is in store for a rapidly graying United States with a focus on the public and private sectors.
Speaker: Joseph F. Coughlin Speaker: Kelly Michel Presider: Michael W. Hodin
As the number of Americans older than the traditional retirement age steadily rises, the United States is poised to revitalize its global economic strength by approaching its aging population not as a crisis, but rather a promising opportunity for economic growth. Please join Joseph Coughlin, Robert Hormats, and Kelly Michel to discuss the core of this approach, healthy and active aging, which will require serious public policy reform, new business strategies, and profound sociological shifts in views on aging.
On the occasion of CFR's 90th anniversary, we will examine through a series of meetings and other projects how policies at home will directly influence the economic and military strength of the United States and its ability to act in the world.
**Please note this meeting was previously scheduled for January 12, but will now be held on February 14.**
"It is hard to overstate how fast China is ageing. Life expectancy has more than doubled from 35 in 1949 to 75 today, a miraculous achievement. Meanwhile, the fertility rate has plummeted to 1.5 or lower, far below the 2.1 needed to keep a population stable. Cai Fang, a demographer at the Chinese Academy of Social Sciences, says the country will have moved from labour surplus to labour shortage at the fastest pace in history."
"The share of the working-age population (ages 15-64) will decline in China between 2010 and 2030 nearly as fast as it will in Japan, the U.S. and other wealthy nations. Switching to a two-child policy could even make things worse over the next 20 year, because more births would mean that working parents would have more dependents to care for, the economists note."
Prepared by the Center for Strategic and International Studies, this report provides the first comprehensive quantitative assessment for how prepared countries are to address the challenges of aging populations.
Many Asian countries (such as China, Singapore, Korea, Thailand, Malaysia, Indonesia, India, and the Philippines) will experience a significant aging of their populations during the next several decades. This paper from the IMF explores how these aging Asian countries are addressing and anticipating the challenges of an aging society. It suggests that Asia's preparedness for an aging population is decidedly mixed. While growth policies have been successful, much work is still needed in many countries to establish an adequate and farsighted policy framework in the areas of pensions, health insurance, and labor market policies.
Peter Orszag explains that employment, in and of itself, may provide health benefits in the form of decreased rates of depression, increased mobility, and improved life expectancy as compared to those who are unemployed or retired.
Michael W. Hodin says the global forecast for Alzheimer's is not good, arguing, "If we don't make significant strides in prevention, treatment and cures, Alzheimer's will turn the miracle of longevity into a society-wide curse."