test 3 notes - Chapter 9 Population Aging Why the"seniors...

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Chapter 9: Population Aging Why the “seniors” Boom? The older population is growing at a rapid rate all over the world. The decline in mortality throughout the world means more adults surviving to adulthood. As fertility rates have declines, the proportion of the population that is older also increases, not just the number of older persons. Aging World Population and Aging: o There were 462 m people in the world aged 65 and older as of the year 2004 o If all lived under one flag would represent the 3 rd largest nation in the world. o Older population accounts for 7% of world’s population. o MDCs 19% of the total population o the world was living in more developed nations. 41% of the world’s population aged 65 or older was there, accounting for the 14%of the total pop of these wealthier countries. 9% o the people in the world aged 65 and older living in developing countries, older population only represents 5% of those populations. o LDCs Corrections to Chart 11.2 Italy 19.3 Japan 19% Greece 18% Germany 18.1 Belgium 17.6 US 12.2 (38 th on list) The Global Distribution of Younger and Older Population China has largest number of older people as of 2004, followed by India and the US. Only 3 countries show up on two of the top 10 lists: Japan, Italy, and Germany. Younger people are more likely to migrate than the elderly, but there is no biological limitation to migration. Many older migrants are seasonal “trans communal” – having incorporated the movement between 2 communities as a regular part of their life. Out-migration tends to increase the % of the pop that is older in a region, whereas in-migration has the opposite effect, except in those relatively rare cases where the in-migrants are themselves older persons. Aging
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Germany o Americans are more prone that Germans to think of themselves as being younger than their biological age. o Denmark United States o Social Security Old age has come to be defined as the beginning at age 65. It is the age at which important government-funded benefits such as social security and Medicare become fully available. 1n 1935, when the present social security benefits were designed in the US the eligibility age was set at 65. That had become the normal retirement age. The Older Americans Act passed by the US Congress in 1965 provided benefits in some programs for people aged 60 and over and private pensions often permit benefits to be paid at age 55, but age 65 is a milestone in the western world. o What are the causes for older workers? Population aging. Increase in number of older people, caused by a decline in mortality. Increase in proportion of older people, caused by a decline in fertility, in combination with migration (especially urbanization).
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