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Demographic And Aging Intensity And Its Economical Threats Chinese Experiences

Volume 1 - Issue 3, September 2017 Edition
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Author(s)
Ntogwa N. Bundala
Keywords
Health Care Policy, Economic Growth, Population Aging and Demographic Crisis
Abstract
The study aimed to examine the health care policy implications on demographic and aging phenomena and its economical threats in China. The study use the panel data from 1950-2015 mainly extracted from International Monetary Fund (IMF), United Nations (UN), China NBS, China Statistical Yearbook and World Bank. The multivariate regression model is used to analyse the data at 5% level of significance, with the aid of Minitab 17 English Software. The study finds that the health care policy implementation and practices and the implementation of one child policy will threat the economic growth in China by 2030. The study recommends that, the redefining of the working age population to reflect the life expectancy level in a country. The higher the life expectancy is the higher the retirement age or wide working age; the job redesigning should be done to increase the capacity and ability of the elderly staff to stay in the office and to encourage the immigration as the means of supplementing the workforce in the country.
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