(5. From the age distribution, if a country has more workforce that fall between 56 years and above, what are the likely economic effect on such a country?

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asked Apr 14, 2021 183k views

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Naterade · Answer 1 · 2021-04-19T13:06:27+0000

Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.

Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.

(5. From the age distribution, if a country has more workforce that fall between 56 years and above, what are the likely economic effect on such a country?

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(5. From the age distribution, if a country has more workforce that fall between 56 years and above, what are the likely economic effect on such a country?