Economics Help Resources
The Impact of an Ageing Population on the Economy
- Increase in the dependency ratio. This means that there will be more people claiming benefits than working and paying taxes
- Increased govt spending on health care and pensions
- Those in work will have to pay higher taxes. This could create disincentives to work and for firms to invest, therefore there could be a fall in AS
- Shortage of workers. Firms may have to respond by encouraging more people to enter the workforce, through offering flexible working practices.
- Changing sectors within the economy
Government Responses to an Ageing Population
- Increase participation rate,
- Raise the retirement age
- Increase the importance of the private sector in providing pensions and health care. However this may cause increased inequality
Essays and Revision Notes on Labour Markets
- Labour Markets home
- Demand for Labour
- Supply of Labour
- Wage Determination
- Labour Market Imperfections
Flexible Labour Markets
- Flexible Labour Markets
- Adv and Disadvantages of Flexible Labour Markets
- Increasing Labour Market Flexibility
- Changes UK Labour Markets
- Participation Rate
- Trades Unions
- Ageing Population
Minimum Wages


