Baby Boomers: Towards the End of an Era
Population & Societies › Num. 431, Février 2007
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Résumé
In Europe, the next fifty years will be marked by the retirement and death of the baby boom generations. But the socioeconomic implications are not necessarily what one might expect. Though the people reaching retirement age will gradually outnumber young people entering the labour market, unemployment will not automatically be reduced. There is no guarantee that all persons who retire will be replaced or that the employment opportunities match the profiles of job seekers. Likewise, residential care capacity for old people will not inevitably be insufficient. Though more numerous, old people are in better health and can delay their entry into a retirement home. On the other hand, the 20% to 40% increase in the number of deaths will certainly have major consequences for health systems. In parallel, the funerary services sector will experience rapid growth.
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Baby Boomers: Towards the End of an Era
The unexpected upturn in fertility observed in many industrialized countries from the end of the second World War to the 1970s, is known as the «baby boom». The babies born over this period formed a «wave» of large birth cohorts whose impact was felt throughout the second half of the twentieth century, and who will grow old over the next fifty years. The first cohorts of baby boomers, born in 1945, are now reaching retirement age. They will be at the threshold of extreme old age by 2025 an...
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