Aging society and decline fertility: How to respond?

Abstract

We are living in the time of aging of almost all societies in the world. There are at least two long-term causes of aging world and a temporary blip that will continue to show up in the figures for the next few decades. The first of the big reasons is that people everywhere are living far longer than they used to. A second and bigger cause of the aging of societies is that people everywhere are having far fewer children, so the younger age groups are much too small to counterbalance the growing number of older people. These facts will certainly turn the world into a different place. In this paper, we would like to stress the relationship between economic growth, aging and decline fertility as well as social consequences of both.