The Impacts of Aging on Economic Growth and Sustainable Development (Case Study of G20 Countries)
محورهای موضوعی : مجله بین المللی علوم اجتماعی
Milad Shahvaroughi Farahani
1
(Department of Finance, Faculty of financial management, Khatam University, Tehran, Iran)
کلید واژه: Aging, Healthcare costs, Sustainable development, Economic growth, G20 countries, Silver economy,
چکیده مقاله :
One of the most important issues in recent years has been the issue of population aging and its effects on the economy. It is clear that aging leads to increased healthcare costs, decreased productivity, saving, investment, risk taking and etc. finally, the economic growth will slow. On the other hand, it is necessary to address the issues of sustainable development, namely inequality, life expectancy, green life and etc. The main goal of this article is survey the impacts of aging on sustainable development and G20 economies and their plans for reducing and controlling the negative consequences. The main contribution of this article is that we have integrated the issue of sustainable development and aging problem in G20 countries in terms of economic and finance. The results show that the rate of fertility is decreasing and the rate of aging is increasing. So, G20 programs need to be considered and acted upon. We can conclude that by investing and effective measures and identifying potential threats, the effects of reduced economic growth and productivity can be reduced.
