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Title:	Aging and Implications for Elderly Care Services in the People’s Republic of China
Authors:	ADB; Uchimura-Shiroshi; HirokoTerada-Hagiwara, Akiko
Issue Date:	Sep-2018
Description:	This brief discusses impacts of an aging population on an economy like the People’s Republic of China and shares the country’s present elderly care system, its drawbacks, and policy implications. Aging can be harmful to an economy over the long run, as an increase in the share of the elderly population reduces both the labor force and output per adult, and increases the social security burden. Policy changes can partly offset the labor squeeze. Possible measures include increased female participation rates, increased flexibility of migration policies, and improved relevance and quality of technical and vocational training to reduce possible skills mismatch. Moreover, it is crucial to establish an efficient and sustainable elderly care system to meet the rising needs of the elderly. The People’s Republic of China (PRC) has the largest elderly population and is one of the most rapidly aging countries in the world, leading a league of many Asian economies that face the challenge of population aging. The country previously benefited from a favorable age structure—the so-called “demographic dividend”—but slowing population growth and an aging population associated with a declining fertility rate and rising life expectancy are turning this dividend into a burden, both economically and socially.
URI:	https://www.adb.org/publications/aging-elderly-care-services-prc https://elibrary.tucl.edu.np/handle/123456789/5371
ISBN:	9789292612986 9789292612993
ISSN:	2071-7202 2218-2675
Country:	Indonesia
Appears in Collections:	ADB Collections

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