According to the article from IMF Blog, some East Asia countries will be the fastest aging-societies in the world in the next few decades. Cost of aging? Slower growth rate and smaller workforce. Over the years, these will be translated into rising health-care cost and pension expenditure. Potential solutions? An excerpt below:
"Raising the labor force participation of women by, for example, expanding child-care facilities in countries like Japan, and promoting flexible employment can also help reduce labor shortages, and mitigate the adverse growth effects of aging."
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