Aging Population and Its Effects on Job Market, Healthcare Research Paper

Aging Population and Its Effects on Job Market, Healthc are - Research musical theme ExamplePopulation aging is a problem of the future, as noted by Michaelis and Debus (2010). There is the likeliness that the elderly groups will double by 2050. There is a compelling need to ensure that bulk grow old with dignity and security. The old generation needs to participate in social carriage just like other citizens with full rights. Rights accorded to the senior citizens should not be inconsistent with other groups so that a reciprocal intergenerational relationship is encouraged. Aging has a direct impact on the job market, minded(p) that improved life expectancy will influence someones decision to remain employed.The aging process is strongly linked to mixtures in income and earnings of persons nearing retirement age. Several factors have been proposed to influence the drive force decisions of elder people as compared to the younger generation. Such factors include changing pref erences for leisure, deteriorating health conditions and constraints in demand concerning the accessibility of part-time employment opportunities in semi-retirement. The old age is seen to be less responsive to changes in the workplace. Employers are also unlikely to hire older people or sustain them for long at workplaces. The change in priorities of both aged working group and employers is more likely to cause shortages in the labor market. For example, in the medical profession, there is a large number of aging professionals who opt to retire. These decisions create a vacancy and lack of smooth transition in places of work.