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Australia: The Conning of Age
Author(s) -
Kelley Allen C.,
Duke James B.
Publication year - 1988
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.1988.tb00541.x
Subject(s) - demographics , pace , restructuring , demographic economics , immigration , retirement age , pension , demographic change , social security , social policy , ageing , economic restructuring , economic growth , demographic profile , development economics , political science , economics , geography , sociology , demography , finance , market economy , population , medicine , geodesy , law
Australia faces a relatively favourable demographic future: ageing is proceeding at a slower pace here, the pattern of the labour force ageing is conducive to restructuring in the intermediate future, and a well‐established immigration policy can be used to accommodate demographics with social and economic goals. The financing of social services for the aged will produce fewer concerns here partly because of less immediate demographic pressures and partly because of the orientation of the age‐pension system. Provided there are increasing investments in today's youth, then chances of longer term productivity retardation from ageing will be lessened and the necessary funding base for aged welfare secured.