Elderly Entrepreneurship in an Aging US Economy: It's Never by Ting Zhang

By Ting Zhang

The learn of aged entrepreneurship and its capability influence on hard work, Social safeguard money and local fiscal progress is of important significance, rather for the USA economic climate the place inhabitants getting older coincidentally intersects with the commercial shift to a "knowledge economy". at the one hand, getting older, mixed with a declining ordinary retirement age, is predicted to bring about hard work strength shortages and Social defense fund exhaustion; but nevertheless, the "knowledge financial system" might bring up the price of aged human capital because the "knowledge economic climate" is much less bodily tough and extra human-capital- and knowledge-based. construction at the application maximization idea, fiscal progress theories and social theories of getting older, this well timed e-book addresses the old-age impact on entrepreneurial propensity; the resources of seniors' entrepreneurship, together with the social and coverage variables affecting seniors' entrepreneurship; and the commercial, economic and hard work affects of aged entrepreneurship. Contents: Socioeconomic historical past: getting older inhabitants, Resulted hard work and financial Crises, and the potential options; aged Entrepreneurship to maintain the hard work strength: chances and must haves; Literature evaluation: earlier reviews; Theoretical Framework; Age and Entrepreneurship; Social and coverage components for aged Entrepreneurship; local Distribution of aged Entrepreneurship; The influence of aged Entrepreneurship on Metropolitan monetary development; The hard work and Social defense affects of aged Entrepreneurship; end and destiny examine.

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Additional info for Elderly Entrepreneurship in an Aging US Economy: It's Never Too Late (Series on Economic Development and Growth Vol. 2)

Sample text

This ballooning top in the 2050 population pyramid is especially prominent for women aged 85 and above. S. Economy the aging population. Instead, this trend of aging is projected to be inevitable as the fourth stage of demographic transition process, according to Warren Thompson’s “Demographic Transition Model”. The “Demographic Transition Model” is an idealized model that describes population changes over time, based on the experience of Western European developed countries. g. g. Crude Death Rate or CDR), and the population growth (Weeks, 2005).

Researches have argued that filial obligation and family care could not only reduce health cost, but also generate bigger life satisfaction for older people (Hooyman and Kiyak, 2005). However, with limited number of young people and with such huge social responsibility to create enough output, future family care from the younger generation can only be limited. 2. Enlarge the labor force To alleviate the government expenditure pressure, enlarging labor force is an alternative strategy other than cutting benefits or raising taxes.

Thus, shortening current education length and putting young graduates to work sooner can enlarge the current size of labor force. This may be a fairly effective approach, except that change in education policy is never a short-term practice. Another advantage of shortening schooling time span and involving more young graduates into labor force is the possibility of increasing fertility rate and thus downsize the population age. However, if no better policies could solve the conflicts between raising children and pursuing individual career goals, the win from increasing children will be partially traded off by fewer women would participate into labor force.

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