As countries experience the benefits of the demographic dividend, they eventually transition to an older population, leading to a higher proportion of elderly individuals who exit the workforce. This transition has several economic implications, including increased health and social costs, pension strains, and a shrinking labor force. Which of the following is NOT a typical economic implication of an aging population?
1
Increased healthcare costs
2
Strain on pension systems
3
Expansion of the labor force
4
Need for more social services
5
Decreased economic productivity