Discuss the causes and economic effects of Australia's aging population in 2007 compared to the projected population in 2027.

An aging commonwealth can have a sure impact on society in Australia. By the lam of study 2027, there forget be a pronounced subjoin in the number of Australians over sixty quaternion days of duration. The Australian Bureau of Statistics [ABS] (2007a, 4) reports that by 2027 the Australian state old over sixty four allow for see up eighteen percent of the Australian population. The figures extracted from [ABS] (2007a, 4) also picture the position that there is a significant increase in the age population when compared to 2007?s thirteen percent of the population be aged over sixty four. This essay allow for meditate the causes of Australia?s aging population. These causes include: the ageing of the bollocks baby baby boomer generation and improved life expectancies. It will also die the positive economic effects of an ageing population that is to say: economic expansion contributed by the old generations? tendency to provided more and increased government spending jumper lead to economic growth. Furthermore, an analysis of the negative economic effect will summary a decline in labour pierce participation. The major(ip) cause of Australia?s ageing population is lower profuseness rates contributed by the ageing of the baby boomer generation. Marchand (1979), states that a baby boomer is a person born among 1944 and 1964. That means, by 2027 the baby boomers will fall into the approximate age angle bracket of 63 to 83 years of age. According to the Australian productivity Commission [APC] (2005, 9), the fruitfulness rate between 1944 and 1964 under the defy at 3.5 per cent and in 2027 the birth rate rate is forecasted to be declining at 1.7 per cent. This evidence suggests that due to the ageing of the baby boomer generation and post world war II fertility bulge, Australians are having less children. Therefore, the reason for this rapid change in fertility may be due to available contraception... ! Iit was a good read, and I learned a lout virtually Australians aging population, pretty astounding Id say! If you want to incur a full essay, order it on our website: BestEssayCheap.com

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