Magazine
Latest Issue

From slowing birth rates to rising life expectancies, major demographic changes will reshape the way we live

A growing ageing population presents new economic challenges—but offers opportunities, too

By David Willetts   May 2019

The elderly exercising on Japan’s Respect for the Aged day. Image: Shutterstock

The most profound change that any society goes through is the demographic transition: it is the route to modernity. In pre-modern societies there are high birth rates and high mortality rates. Any surges in population are usually reversed by epidemics and famine, since such societies lack the means to feed the extra mouths.

In the late 18th century, Malthus analysed all this…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect