Answer to Question #72279 in Macroeconomics for Ll

Question

There is a reduction in headcount which includes retrenchment,retirement and termination of contracts. Explain 2 economic problems other than labour shortage arising from the ageing population.

Answer 1

Answer:
Aging population in a country leads to demographic disbalance resulting in disbalance of pension payments.
Trend of aging population requires greater budgetary expenses for medical sphere.