Wednesday, March 30, 2011
[IWS] World Bank: POPULATION AGING: IS LATIN AMERICA READY? [28 March 2011]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
POPULATION AGING: IS LATIN AMERICA READY?
[Read Online: full-text, 324 pages]
Report advises Latin American countries to prepare for a ‘greying revolution’; rapid aging no longer a rich country phenomenon.
Region’s life expectancy jumped by 22 years in last half-century; population now dominated by working adults with fewer children.
Report recommends building stronger health systems, delaying retirement age, reforming pension systems and creating more jobs for women to expand the workforce.
Press Release 28 March 2011
Latin America: Ready for an Aging Revolution?
March 28, 2011—Population aging is a global issue that affects a growing number of countries around the world, especially at a time when family support and other traditional safety nets have become far less certain in the aftermath of the global economic crisis.
In Latin America, for example, life expectancy has jumped by 22 years over the last 50 years and its population is now dominated by working-age adults with significantly fewer children. The region faces the prospect of rapid aging.
A new report from the World Bank’s Human Development Network warns that governments and communities in the region cannot afford to be complacent about a ‘greying revolution,’ given that the next 50 years will be very different from its past half century.
According to Population Aging: Is Latin America Ready?, economic growth in Latin America will be more challenging in countries with large numbers of elderly people and meeting health care, pension, and other needs will be especially difficult for low- and middle-income countries. Establishing appropriate policies and institutions to accommodate the region’s powerful demographic shifts will be vital to safeguard Latin America’s social and economic future, says the report.
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Director, IWS News Bureau
Institute for Workplace Studies
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641