How to spur entrepreneurship in an aging population

Policy levers can strengthen incentives for entrepreneurship and improve the likelihood of successful new business startups

How to spur entrepreneurship in an aging populationBy Steven Globerman and Jason Clemens The Fraser Institute Entrepreneurship is widely acknowledged as the basis for innovation, technological advancement and economic progress – and, subsequently, a driving force for improved living standards. Yet there’s little discussion, let alone action, among governments in Canada to stem the adverse effects of demographic change on entrepreneurship, specifically…

Canada unprepared for an aging population

The adverse consequences of an aging population – deficits, debt and slowing economic growth – can be mitigated with prompt action

Canada unprepared for an aging populationCanada’s population is aging, like all industrialized countries. But unlike most industrialized countries, Canada is doing almost nothing to prepare for the implications of an older population. And, in some cases, it’s moving in the wrong direction. There’s ample evidence that Canadians are living longer. According to Statistics Canada, life expectancy in 2011 was 81.7…

Canada’s aging population puts a strain on government coffers

More seniors means slower economic growth and more spending on programs like health care. But some careful fiscal management can save us

Canada’s aging population puts a strain on government coffersBy Taylor Jackson, and Jason Clemens The Fraser Institute The latest Finance Department fiscal update signals the federal government’s continued preference for running budget deficits, regardless of the state of the economy. Similarly, eight of 10 Canadian provinces are running budget deficits in 2016-17. The lack of fiscal prudence coast to coast raises serious concerns about…

Democratic angst and independence turmoil

In Hillary Clinton’s mind, it’s everyone else’s fault. So she’ll continue to hog centre stage and suck up the political oxygen

Democratic angst and independence turmoilTwo topics jump out from the current news. One is the continuing Democratic Party angst over the 2016 U.S. election. The other is the recurrent propensity for independence movements to stir things up. On the Democratic front, Hillary Clinton’s promotion of her new book What Happened is Exhibit A. There’s nothing wrong with authors promoting…

Preparing the health workforce for an aging population

The health needs of seniors are getting more complicated as people live longer, and we need a workforce that can keep up

Preparing the health workforce for an aging populationWe know Canada’s population is aging. In 2015, the proportion of seniors surpassed that of youth under 15 for the first time. And the gap will continue to widen over the next 20 years. But who will look after them? There has been much discussion about how to prepare for this bulge of aging baby boomers.…

Staying healthy key to meeting aging population challenge

A smaller share of workers in a society generally means less production and slower growth

Staying healthy key to meeting aging population challengeGetting older is better than the alternative. Beyond that, it is hard to find the benefits of aging, either individually or collectively. Society is getting older, even in China, a possibly unforeseen result of its one child policy. From an economic point of view, a major cost of an aging population is a high, rising…