Colombia's ageing future : turning points and policy options; a look towards 2040 and beyond

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IDL-52355.pdf (544.99 KB)

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2013-01

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Abstract

The size of the working age groups will peak in 2033 for ages 20-39 and in 2056 for ages 40-59. The fiscal support ratio drops steadily after 2024. This is the ratio of producers to consumers and an indicator of a potential “demographic dividend” – surplus generated by the economy that, if invested in health, education, and infrastructure, can move the economy permanently to a path of higher production, consumption and living standards. Some policy options to deal with a declining workforce are: delaying retirement to maintain productivity; closing the gender gap to maintain productivity; and increasing taxes to maintain fiscal balance.

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Keywords

OLD AGE, DEMOGRAPHIC TRANSITION, ECONOMIC IMPLICATIONS, SOCIAL IMPLICATIONS, SOCIAL SECURITY, RETIREMENT PENSIONS, HEALTH SYSTEM, SOCIAL SERVICES, LEVELS OF EDUCATION, AGE GROUPS, PUBLIC SERVICES, COLOMBIA

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http://hdl.handle.net/10625/52355

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IDRC Research Results / Résultats de recherches du CRDI
2010-2019 / Années 2010-2019
Research Results (SIG) / Résultats de recherches (CPT)