Japan And Australia On Population Aging

1.) What difficulties—from retiring baby boomers in the United States to a graying China, to the massive overhang of Europe’s elderly—can private corporations, governments, and other sectors expect as the aging revolution unfolds across the globe? How will changing demographics affect workforce composition? Retirement age? Pension outlays? Taxation? Immigration? Economic growth? How can governments, corporations, and nongovernmental organizations work together to address these issues?

     Old age is the last stage of life itself, beginning in about the mid-sixties. This final phase of the life course differs in an important way from the earlier stages. It is a time when you leave roles that provided both satisfaction and social identity. Once again those in this stage of life, experience old age differently from culture to culture. Old age is normally a time for retirement. ‘Elderly men in Japan however, are more likely than their counterparts in North America to remain in the labor force, and in many Japanese corporations, the oldest employees enjoy the greatest respect’ (Macionis & Gerber, 2002). The percentage of the Japanese population

Australia is one of the most advantaged aged care systems in the world. The increasing numbers of ageing population is one of the major transformations being experienced by

Improved quality of life, quick and easy access to health care along with medical advances help Japan’s aging population enjoy an increased life expectancy, so much so that the Japanese older population is outnumbering the younger

In detail, in 1940, the proportion of people aged 65 or more stood at 5% in Japan, approximately 7% in Sweden and 9% in the USA. In the following years, the proportion of elderly in both USA and Sweden rose dramatically and reached a peak of 15% and nearly 13% respectively in 1980. But the proportion in Japan declined slightly over the same period.

This paper focuses on aging in Australia, the different policies and services for the aging population, and provides some examples about what it would be like to age in Australia. First, it is important to understand the age care policy in Australia. There are four different components to this policy: the old-aged pension system, pursuit of the aging-in-place policy, self-funded services and supports, and residential and frail aged care. The aged care policy in Australia is “built on the premise of independence and individualization and assumes that older people will remain in the community for as long as they are able to” (Gray & Heinsch, 2009, p. 108). In order to

This line chart illustrates the percentage of citizens who are older than 65 years old from 1940 to 2040 in Japan, Sweden and USA re?nospectively. Overall, the trends of the proportion of the elderly in these countries all increase, and the percentages are expected to be appmximately(?) 29% in 2040.

According to Intergenerational report (2015), Australia’s population will grow and change over next 40 years. There will be increase in population of old people and less number of young people in coming future.

According to the Australian Bureau of Statistics, it has become increasingly evident that Australia is an ageing population, placing anyone 65 years or older, under the 'aged' category.

In 2017, the world population is at 7.5 billion people. China is the most populated country in whole world. It has “1.379 billion” (Google) people making it the largest populated country. China is also the most largest aging population making it have a high life expectancy and the high accelerating aging rate in the world (Zheng, 2012). China has advanced with technology and also with age. Only “three decades ago, only 5 percent of the populations was over 65; today, 123 million people, or 9 percent of the population, are over this age which a report released by the government states that China will be the world's’ most aged society in 2030” (Huang, 2013). Since, China is the most largest aging population this means that less people are dying and more are living. Since, more people are living this means that need of long-term care, health insurance, adjustment of policies and how to make everyone comfortable living. China is the only country that has an older population exceeding 100 million and annually increases at a rate of 3.2. A dependent territory of China is Hong kong that has “7.347 million people” (Google). Hong kong also has a fast growing aged population. Hong kong is also trying to adjust their long-term care system, pensions system and policies to accommodate everyone living situation.

Population ageing is a major global demographic trend. As the life expectancy continues to increase, the proportion of elderly people rises simultaneously. For instance, the life expectancy in Japan was 79 years old (World Trade Organisation, 2014) in 1990, the number then raised to 84 years old (World Trade Organisation, 2014) in 2012 and accounted for 39% (World Bank Data, 2014) of the whole Japan population.

The average life expectancy in more economically developed countries such as Japan, Germany and Canada is increasing. In Japan the average life expectancy is 82, which is 11 years older than the global population’s as of 2013. This is due to improvements in health care and new medical discoveries that increase the age to which elderly live, which

Another perspective is the economic issue. The delay of women participation in labor force could be serious in the long run. Japan is an aging society, and percentage of the population aged 65 and over is now 26.0%, and this ratio is expected to go up to 36.1% by 2040 . In order to achieve further economic growth, McKinsey & Company points out that labor-force participation of female in the 25–44 age should go up to about 80 percent by 2040, from 71 percent .

The aging population is indeed a trend that is important to the planning, financing, and delivery of healthcare today. The aging population is on the rise so they will demand more care from the younger generation to deliver the proper care when it comes to healthcare. There are 31.86 million people over the age of 65 who live in Japan ( KYODO ). Leaving the remaining number to be among the younger generation is almost forced to have to attend to the aging population because if they do not look after them who will?

This aging generation is not inherently negative for the economy, of course. The other aspects of Japanese demographic indicators are what makes this aging alarming and pose a serious danger to the future of the Japanese economy. While not the focus of this paper, it is worth discussing the population growth of Japan. While the near-future will undoubtedly face a greater burden as the first age bracket reaches retirement age, the worst hardship will arise in 20 years. The horizon of 20 years is