Alternative perspectives on measuring population ageing in Spain: Regional differences
Abstract
Population ageing is the change in a population’s age structure in which the proportion of older people increases relative to younger people. It is often considered that this process leads to a significant increase in public spending on elderly welfare and health, which explains why population ageing has served to justify certain austerity measures as well as to increase the retirement age. Using four alternative indicators, this article shows that 1) increased survival at older ages has a rejuvenating effect on the population and 2) economic booms ease the burden of ageing, while an underutilized labor market exacerbates this burden. Hence, economists and public policy makers should rethink the use of common old-age dependency indicators based on age 65 as the “threshold of old age” and age 16–64 as the “productive” population to justify their arguments and policies.Keywords
population aging, old-age dependency rates, life expectancy, public spending, Spain, regional analysisReferences
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