1993 | OriginalPaper | Chapter
Economics of Ageing
Author : Dieter Bös
Published in: Economics in a Changing World
Publisher: Macmillan Education UK
Included in: Professional Book Archive
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Demographic and economic research in population ageing may apply quite different definitions of ageing.A typical demographic definition like that found in Billeter (1954) characterizes the age structure of a population by <math display='block'> <mrow> <msub> <mi>D</mi> <mn>1</mn> </msub> <mo>:</mo><mo>=</mo><mfrac> <mrow> <msub> <mi>P</mi> <mrow> <mn>0</mn><mo>,</mo><mtext> </mtext><mn>14</mn> </mrow> </msub> <mo>−</mo><msub> <mi>P</mi> <mrow> <mn>50</mn><mo>,</mo><mtext> </mtext><mo>+</mo> </mrow> </msub> </mrow> <mrow> <msub> <mi>P</mi> <mrow> <mn>15</mn><mo>,</mo><mtext> </mtext><mn>49</mn> </mrow> </msub> </mrow> </mfrac> </mrow> </math>$${D_1}: = \frac{{{P_{0,\,14}} - {P_{50,\, + }}}}{{{P_{15,\,49}}}}$$ where Pa, b is the number of people between a and b years of age and Pa,+ is the number of people aged a years and older. This measure differentiates age groups according to their reproductive abilities. The future development of the population is expressed in this measure by subtracting the old non-productive from the young non-productive part of the population. If the percentage of people over 50 is high, then D 1 is negative. An aged population is therefore characterized by a high negative value of D1, and the demographic problems become worse if this negative value increases in absolute terms (ageing).