Uruguay’s population is slowly aging, driven by the demographic transition that started early in the 20th century. While this reflects significant improvements in mortality and fertility trends, it also creates important challenges for the fiscal sustainability of some social policies and for sustaining medium- and long-term economic growth. Uruguay is going through the “demographic dividend” stage of this process as the proportion of the population ages 15–65 peaks. This temporary situation creates the possibility of increasing the endowment of capital and the labor force and sparking sustained economic growth. For this to happen, institutional, financial, and fiscal conditions are needed that promote larger savings and investment.
Demographic Change in Uruguay: Economic Opportunities and Challenges studies the opportunities and challenges that the demographic transition poses for Uruguay’s economy. Once the demographic dividend has passed, population aging will have a significant impact on fiscal accounts, especially in social protection expenditures. This is a serious policy challenge, demanding reforms to adapt the institutions and systems to a new.
Demographic Change in Uruguay: Economic Opportunities and Challenges (Directions in Development) pdf download
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Demographic Change in Uruguay: Economic Opportunities and Challenges (Directions in Development) book
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