November 2023

U.S. Population Will Start Shrinking by 2100, Census Bureau Forecasts

The population of the U.S. will climb to about 370 million in 2080 before reversing course and starting to fall before the turn of the century, according to a new Census Bureau projection. By 2100, the U.S. will have a population of around 366 million people, unless immigration continues to climb each year, in which case the population could reach as high as 435 million, the bureau forecas U.S. House Votes to Censure Rep. Rashida Tlaib Over Israel Stance In the implausible...

Africa could come to the rescue of the aging world

Big change is coming to the world. This is not entirely because of global warming. Change is also occurring because of a sharp decline in the rate of human fertility. In the developed world, women are having fewer children than ever before. Demographers have determined 2.1 children per woman as a critical threshold below which the size of the population would begin to decline. In North America, Europe and Australia the rate is well below this level with the...

October 2023

Despite recent economic slowdown, Brazil’s job market keeps improving

While economic indicators show that the Brazilian economy is slowing down, nothing points to the country’s job market cooling down. On Monday afternoon, the Labor Ministry showed that the country created almost 212,000 new formal jobs in September (more than markets expected). And fresh unemployment data published on Tuesday shows that the joblessness rate went down to 7.7 percent in the rolling quarter through September — the lowest since February 2015. According to the latest unemployment reading, the number of employed individuals surged to 99.8 million in Q3,...

Number of working Korean women in 30s surges amid low fertility rate

The recent trend of an increase in the proportion of working women in their 30s was primarily due to a reduction in the number of women with children, according to a report released Monday by the Korea Development Institute, a South Korean state-run think tank. Kim Ji-yeon, a researcher at the KDI, noted that although the drop in the number of women in their 30s that have children may seem like a positive factor in the short term because it...

China, India face daunting challenge to grow retirement security amid demographic, cultural shifts

Retirement systems in China and India, home to the world's largest populations with around 1.4 billion people in each country, are still in nascent stages but are expected to grow as their economies expand and their demographics shift. In both countries, the first pension pillar — a state-sponsored pension system — has been seen as inadequate, and the second pillar — employer-sponsored retirement plans — is often insufficient in meeting people's rising post-retirement needs. A third pillar focused on building...

Statisticians adopt new standards on measuring informal employment

The 21st International Conference of Labour Statisticians  (ICLS) has adopted new standards on the informal economy that will enable countries to collect better data and make better policies for workers employed in the informal economy. The resolution was passed at the centennial ICLS, held at the headquarters of the International Labour Organization (ILO) in Geneva, Switzerland, between 11-20 October. Two billion people worldwide work in the informal economy, often with no labour protections or social security coverage and in poor working conditions. Yet,...

Preparing for an Aging Africa: Data-Driven Priorities for Economic Research and Policy

By Madeline E. Duhon, Edward Miguel, Amos Njuguna, Daniela Pinto Veizaga & Michael W. Walker The over-60 population in Sub-Saharan Africa is expected to grow rapidly in the coming decades, tripling between 2020 and 2050. Despite this explosive projected growth, few countries in the region have implemented policies designed to support older populations. Further, little research in economics has specifically examined aging in Sub-Saharan Africa, though many opportunities exist for economists to generate research evidence to inform the design of...

The silver lining in India’s imminent ageing problem

India’s youthful population is often described as a key strength of the economy. India is among the youngest emerging market nations, and will remain so in the near future—a demographic dividend that makes it an attractive investment destination. According to the United Nations, a country is considered to be “ageing" if the share of the population over the age of 65 is more than 7%, “aged" when the share exceeds 14%, and “super-aged" when it crosses 20%. India will...

To counter its aging population, Vermont offers $5,000 for recent graduates to stay on

Vermont has joined the growing list of states hoping to retain young people by paying their student loans. The program, launched this year, will give recent graduates of Vermont colleges up to $5,000 if they stay and work in the state for two years. Lawmakers hope the initiative will keep more young people in Vermont. From The Hechinger Report in Vermont Public, Liam Elder-Connors reports. LIAM ELDER-CONNORS, BYLINE: A couple of months ago, Mohamud Diini was ready to leave Vermont....

As the U.S. birth rate falls, immigration reform may be ‘the answer hiding in plain sight,’ analyst says

As the U.S. fertility rate continues to fall, there are growing concerns about the long-term economic impact: A smaller population means less tax revenue, which could reduce funding for programs such as Social Security and Medicare. But immigration policy reform could be one solution, some experts say. The U.S. birth rate fell slightly in 2022 compared with 2021, with roughly 3.7 million babies born nationwide, and the birth rate still hasn’t recovered to pre-pandemic levels, according to an initial analysis from the Centers for Disease Control...