Abstract
The Group of 20 (G20) countries are experiencing or starting to experience the impacts of demographic change on their economies. The reduced working population in the G20’s aging societies necessitates a social transition to maintain labor productivity and fiscal sustainability. Given this situation, this policy brief recommends four proposals to tackle the demographic challenges on the economy: 1) improve productivity through enhanced labor participation and investment in human capital; 2) Invest in education to prepare future generations; 3) strengthen fiscal frameworks to prepare young societies to deal with the demographic transition; and 4) develop comprehensive reform for public pension and healthcare schemes in the light of demographic changes.
