By Daniel Cotlear

Latin the United States and the Caribbean will quickly face the demanding situations of an getting older inhabitants. This method, which took over a century within the wealthy international, will ensue in or 3 many years within the constructing global; seven of the 25 international locations that would age extra swiftly are in LAC. inhabitants getting older will pose demanding situations and provide possibilities. This booklet explores 3 units of matters. First is a bunch of matters concerning the aid of the getting older and poverty within the lifestyles cycle. This covers questions of labor and retirement, source of revenue and wealth, and dwelling preparations and intergenerational transfers. It additionally explores the relation among the lifestyles cycle and poverty. moment is the query of the future health transition. How does the demographic transition impression the future health prestige of the inhabitants and the call for for health and wellbeing care? and the way complex is the wellbeing and fitness transition in LAC? 3rd is an figuring out of the financial pressures which are prone to accompany inhabitants getting older and to disentangle the function of demography from the position of coverage in that procedure. The ebook offers an advent to the suggestions and methods on the intersection of demography and economics. It summarizes the coverage debate approximately power reforms had to make inhabitants getting older a chance for improvement.

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10 Population Aging Whereas the demographic transition lasted over a century in developed countries, similar changes are occurring much more quickly in LAC and the developing world of today. This is due in part to the greater availability of means for controlling fertility and for reducing mortality. France had 115 years to accommodate a doubling of its elderly population from 7 percent to 14 percent; this relatively slow process was common in other European nations and in North America. Japan, the oldest country today, was unusual in that the same transition took place in only 26 years, from 1970 to 1996.

Perceived needs are higher in the bottom income quintile than in the top income quintile. In relation to the declared need-use gap, survey data show large variations across countries. A very strong finding is that in all 12 countries, the gap is significantly larger for the poorest quintile than it is for the top quintile. This finding from data obtained through household surveys is consistent with findings from Gallup opinion polls, where the poor in LAC also report being less satisfied with their health than the higherincome population (see chapter 5).

This includes discussions of poverty in the life cycle, sources of support for the elderly, labor force withdrawal among the aging, living arrangements, and familial transfers. It also includes a summary of new findings concerning the use of remittances from international migrants in the life cycle. Section 3 summarizes what is known about the health transition in LAC, and includes a discussion of the role of population aging on health status and health care utilization. It also highlights insights obtained from the economics of happiness in relation to health satisfaction and its possible implications for health-seeking behavior.

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