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In his hour-long presentation, Lutz declared that the negative effects of an ageing population have been blown out of proportion and argued that Singapore’s vast tertiary-educated population core will counter the consequences of low replacement levels.
“There is indeed no empirical evidence so far that the ageing of the workforce is bad for economic growth. We see life expectancy increasing and elderly people being in good health,” Lutz explained to Yahoo! Singapore. “There is no reason why they could not and should not make a contribution to society. If you factor this in, the old age dependency burden becomes less.”
- http://sg.news.yahoo.com/singapore-...ion-by-2030--demography-expert-104059075.html
“There is indeed no empirical evidence so far that the ageing of the workforce is bad for economic growth. We see life expectancy increasing and elderly people being in good health,” Lutz explained to Yahoo! Singapore. “There is no reason why they could not and should not make a contribution to society. If you factor this in, the old age dependency burden becomes less.”
- http://sg.news.yahoo.com/singapore-...ion-by-2030--demography-expert-104059075.html