As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition

The process of demographic transition through which Argentina is passing is a window of both opportunities and challenges in economic and social terms. Argentina is still a young country in which the working-age population represents the largest proportion of its total population. Currently, the cou...

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Main Authors:	Gragnolati, Michele, Rofman, Rafael, Apella, Ignacio, Troiano, Sara
Other Authors:	Grushka, Carlos
Format:	Book
Language:	en_US
Published:	Washington, DC: World Bank 2015
Subjects:	aging demographic transition health system labor market productivity social protection national transfers account
Online Access:	http://hdl.handle.net/10986/21769

id	okr-10986-21769
recordtype	oai_dc
spelling	okr-10986-217692021-04-23T14:04:05Z As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition Gragnolati, Michele Rofman, Rafael Apella, Ignacio Troiano, Sara Grushka, Carlos Comelatto, Pablo Maceira, Daniel Barbieri, María Eugenia Marchionni, Mariana Alejo, Javier Cetrángolo, Oscar Fanelli, José María aging demographic transition health system labor market productivity social protection national transfers account The process of demographic transition through which Argentina is passing is a window of both opportunities and challenges in economic and social terms. Argentina is still a young country in which the working-age population represents the largest proportion of its total population. Currently, the country just began a 30-year period with the most advantageous age structure of its population, which could favor greater economic growth. This situation, known as the 'demographic window of opportunity,' will last until the beginning of the 2040s. The dynamics of the fertility and mortality rates signify a gradual ageing of the population, with implications for various dimensions of the economy, the social protection system, public policies, and society in general. This book studies the opportunities and challenges that the demographic transition poses for the Argentine economy, its most important social sectors like the healthcare, education, and social protection systems, and the potential fiscal trade-offs that must be dealt with. The study shows that even though Argentina is moving through its demographic transition, it just recently began to enjoy the window of opportunity and this constitutes a great opportunity to achieve an accumulation of capital and future economic growth. Once the window of opportunity has passed, population ageing will have a significant impact on the level of expenditure, especially spending in the social protection system. This signifies a challenge from a fiscal policy point of view, because if long-term reforms are not undertaken to mediate these effects, the demographic transition will put pressure on the reallocation of fiscal resources among social sectors. Finally, population ageing poses concerns related to sustaining the rate of economic growth with a smaller working-age population. Taking advantage of the current window of opportunities, increasing savings that will finance the accumulation of capital, and increasing future labor force productivity in this way is a challenge for the Argentine economy. 2015-04-23T18:51:00Z 2015-04-23T18:51:00Z 2015-04-23 Book 978-1-4648-0530-1 http://hdl.handle.net/10986/21769 en_US Directions in Development--Human Development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Argentina
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	aging demographic transition health system labor market productivity social protection national transfers account
spellingShingle	aging demographic transition health system labor market productivity social protection national transfers account Gragnolati, Michele Rofman, Rafael Apella, Ignacio Troiano, Sara As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition
geographic_facet	Argentina
relation	Directions in Development--Human Development
description	The process of demographic transition through which Argentina is passing is a window of both opportunities and challenges in economic and social terms. Argentina is still a young country in which the working-age population represents the largest proportion of its total population. Currently, the country just began a 30-year period with the most advantageous age structure of its population, which could favor greater economic growth. This situation, known as the 'demographic window of opportunity,' will last until the beginning of the 2040s. The dynamics of the fertility and mortality rates signify a gradual ageing of the population, with implications for various dimensions of the economy, the social protection system, public policies, and society in general. This book studies the opportunities and challenges that the demographic transition poses for the Argentine economy, its most important social sectors like the healthcare, education, and social protection systems, and the potential fiscal trade-offs that must be dealt with. The study shows that even though Argentina is moving through its demographic transition, it just recently began to enjoy the window of opportunity and this constitutes a great opportunity to achieve an accumulation of capital and future economic growth. Once the window of opportunity has passed, population ageing will have a significant impact on the level of expenditure, especially spending in the social protection system. This signifies a challenge from a fiscal policy point of view, because if long-term reforms are not undertaken to mediate these effects, the demographic transition will put pressure on the reallocation of fiscal resources among social sectors. Finally, population ageing poses concerns related to sustaining the rate of economic growth with a smaller working-age population. Taking advantage of the current window of opportunities, increasing savings that will finance the accumulation of capital, and increasing future labor force productivity in this way is a challenge for the Argentine economy.
author2	Grushka, Carlos
author_facet	Grushka, Carlos Gragnolati, Michele Rofman, Rafael Apella, Ignacio Troiano, Sara
format	Book
author	Gragnolati, Michele Rofman, Rafael Apella, Ignacio Troiano, Sara
author_sort	Gragnolati, Michele
title	As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition
title_short	As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition
title_full	As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition
title_fullStr	As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition
title_full_unstemmed	As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition
title_sort	as time goes by in argentina : economic opportunities and challenges of the demographic transition
publisher	Washington, DC: World Bank
publishDate	2015
url	http://hdl.handle.net/10986/21769
_version_	1764449351701102592

As Time Goes By in Argentina : Economic Opportunities and Challenges of the Demographic Transition

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