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Priyantha Mudalige on Muck Rack

Priyantha Mudalige

As seen in: Austaxpolicy
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How Much Growth Does Population Ageing Cost? Fiscal Health and Labour Force Participation Shape the Answer

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By Susantha Dissanayake, Nam S. Hoang, Priyantha Mudalige
| Austaxpolicy
Population ageing is the defining demographic fact of advanced economies. Across the OECD, the old-age dependency ratio reached approximately 31 per cent in 2023 and is projected to approach 52 per cent by 2060, while the share of people aged 65 and over is expected to rise from around 20 per cent to 27.4 per cent by 2050, even as total population declines slightly. Governments face rising pension and health spending while the labour force and tax base that fund these are shrinking.
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