3.5 - Issues: Ageing Population Flashcards
1
Q
How is the percentage of pensionable UK citizens projected to rise by 2041?
A
2016 - 19%
2041 - 22%
2
Q
What is the median UK age?
A
40.7
3
Q
What are the potential micro effects of an ageing population?
A
Changing cons. demand patterns
Housing market - Ownership
Labour demand + supply
4
Q
How will an ageing population affect labour demand?
A
Demand rises
Productivity declines
Time compensation
5
Q
How will an ageing population affect labour supply?
A
Supply contracts
Physical ability
Income effect
Personal priorities
6
Q
How will an ageing population affect the housing market?
A
Long term ownership
Capital growth may inflate market
