Ageing Population and Healthcare Expenditure Impacts on Labour Force Participation Rate in Developing-8 Countries

Aiyar, S. S., & Ebeke, C. (2016). The impact of workforce ageing on European productivity (IMF Working Paper, 16/238). https://ssrn.com/abstract=2924323.
Andor, L. (2012). Employment Trends and Policies for Older Workers in the Recession. European Foundation for the Improvement of Living and Working Conditions. 2012, pp. 1–12. Available online:https://www.eurofound.europa.eu/sites/default/files/ef_publication/field_ef_document/ef1235en.pdf (accessed on 16 December 2021).
Angeloni, S., & Borgonovi, E. (2016). An ageing world and the challenges for a model of sustainable social change. Journal of Management Development, 35(4), 464-485.
Arifin, E. N., & Ananta, A. (2016). The past three population censuses: A deepening ageing population in Indonesia. In Contemporary demographic transformations in China, India and Indonesia, pp. 309-323. Springer, Cham.
Bengtsson, T., Qi, H. (2018). Ageing workforce, social cohesion and sustainable development: Political Challenges within the Baltic Sea region: Sweden. In Ageing Workforce, Social Cohesion and Sustainable Development: Political Challenges within The Baltic Sea Region; Becker, P., Schu?tz, J., Zimmermann, A., Eds.; Max Planck Society/Population Europe: Berlin, Germany, 2018; pp. 55–59.
Baharin, R., & Saad, S. (2018). Ageing population and healthcare expenditure: Evidence using time series analysis. Geografia Online TM, Malaysian Journal of Society and Space, 14 (4), 65-73, e-ISSN 2680-2491 https://doi.org/10.17576/geo-2018-1404-0.
Braendle, T., Colombier, C. (2016). What drives public health care expenditure growth? Evidence from Swiss cantons,1970–2012. Health Policy. 120 (9), 1051–1060.
Breyer, F., Costa-Font, J., Felder, S. (2010). Ageing, health, and health care. Oxf. Rev. Econ. Policy, 26, 674–690. [CrossRef]
Breyer, F. & Lorenz, N. (2021). The “red herring” after 20 years: ageing and health care expenditures. European Journal of Health Economy. 22, 661–667. https://doi.org/10.1007/s10198-020-01203-x
Chomik, R., Piggott, J., and McDonald, P. (2016). Population Ageing in Asia and the Pacific: Dependency Metrics for Policy. The Journal of the Economics of Ageing, vol.8(c) (M) pp. 5-18.
Colombier, C. (2017). Population ageing in healthcare – a minor issue? Evidence from Switzerland, Applied Economics, 50:15, 1746-1760, DOI: 10.1080/00036846.2017.1374538
Cristea, M., Noja, G. G. Danacica, D. E., & Stefea, P. (2020a) Population ageing, labour productivity and economic welfare in the European Union, Economic Research-Ekonomska Istraživanja, 33:1, 1354-1376, DOI: 10.1080/1331677X.2020.174850
Cristea, M., Noja, G. G., Stefea P., & Sala A. L. (2020b). The Impact of Population Aging and Public Health Support on EU Labour Markets. Int. J. Environ. Res. Public Health 2020, 17, 1439.
D-8 Organisation for Economic Cooperation. (2014). D-8 Eyes on the Challenges and Opportunities of Population Ageing. Retrieved from https://developing8.org/news/d-8-eyes-on-the-challenges-and-opportunities-of-population-ageing/
D-8 Organisation for Economic Cooperation. (2021). Purposes and Objectives. Retrieved from https://developing8.org/about-d-8/purposes-objectives/
Department of Economic and Social Affairs, United Nation. (2013). World Population Ageing: The 2013 Revision. Retrieved from
https://www.un.org/en/development/desa/population/publications/pdf/ageing/WorldPopulationAgeing2013.pdf
Department of Economic and Social Affairs, United Nation. (2015). World Population Prospects: The 2015 Revision. Retrieved from The World Population Prospects: 2015 Revision | Latest Major Publications - United Nations Department of Economic and Social Affairs
Department of Economic and Social Affairs, United Nation. (2019), World Population Prospects 2019: The Highlights. New York. Retrieved from
https://population.un.org/wpp/Publications/Files/WPP2019_Highlights.pdf
Department of Statistics of Malaysia. (2015). Total Number of Fertility. Retrieved from https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=165&bul_id=eUM5SGRBZndGUHRCZTc2RldqNGMrUT09&menu_id=L0pheU43NWJwRWVSZklWdzQ4TlhUUT09&https://www.dosm.gov.my/v1/uploads/files/3_Time%20Series/Malaysia_Time_Series_2015/22Perangkaan_Penduduk.pdf.
Eiras, M., & Niepelt, D. (2012). Ageing, government budgets, retirement and growth. European Economic Review, 56, 97-115.
Fredrik, A. G. (2013). The impact of ageing on health care expenditures: A study of steepening. European Journal Health Economics, 15, 979-989.
Harper, S., & Leeson, G. (2009). Introducing the Journal of Population Ageing. Journal of Ageing Population, 1, 1-5.
Harper, S. (2014). Economic and social implications of ageing societies. Science, 346(6209), 587-591. https://doi.org/10.1126/science.1254405
Ibrahim, R. I. (2012). Impact of increasing retirement age on longevity factor: An empirical study for government pensioners in Malaysia. Jurnal Ekonomi Malaysia, 46(2), 29-35.
Ikeda N., Saito, E., & Kondo, E. (2011). What has made the population of Japan healthy? The Lancet, 378(9796), 1094-1105.
Kinsella, K., & He, W. (2009). An Aging World: 2008. Washington, DC: US Government Printing Office; 2009. US Census Bureau. International Population Reports, PS95/09, 1.
Lee, R., & Mason, A. (2006). Back to basics: what is the demographic dividend. Finance and Development, 16–17.
Lee, R. D., Mason, A., & Miller, T. (2001). Saving, wealth and population. Population does matter: demography, poverty and economic growth. [edited by] Birdsall, N., Kelley, A. C., & Sinding, S. W. Oxford, Oxford University Press, 137–164.
Leng, O. T. S., Khan, S., Vergara, R. G., & Khan, N. (2016). Policies and protections for ageing society in Malaysia. Journal of Southeast Asian Research, 71-78.
Lopreite M., & Mauro M. (2017) The effects of population ageing on health care expenditure: A Bayesian VAR analysis using data from Italy. Health Policy. 121:663–674. doi: 10.1016/j.healthpol.2017.03.015.
Lopreite, M., & Zhu Z. (2020). The effects of ageing population on health expenditure and economic growth in China: a Bayesian-VAR approach. Social Science and Medicine. 265:113513. doi: 10.1016/j.socscimed.2020.113513
Maciulyte-Sniukiene, A., Matuzeviciute, K., & Rupliene, D. (2019). Evaluating the Impact of Ageing Population on Labour Market, International Scientific Conference: Contemporary Issues in Business, Management and Economics Engineering 2019. Vilnius, Lithuania ISBN 978-609-476-161-4 / eISBN 978-609-476-162-1, Vilnius Gediminas Technical University Article ID: cibmee.2019.005.
Maestas, N., Mullen, K., & Powell, D. (2016), The Effect of Population Ageing on Economic Growth, the Labour Force and Productivity. National Bureau of Economic Research Working Paper Series. Retrieved from http://www.nber.org/papers/w22452.pdf
Mahal, A., & McPake, B. (2017). Health system for ageing societies in Asia and the pacific. Health System & Reform, 3(3), 149-153.
Mason, A., & Lee, R. (2004). Reform and support systems for the elderly in developing countries: capturing the second demographic dividend. International Seminar on the Demographic Window and Healthy Aging: Socioeconomic Challenges and Opportunities, China Centre for Economic Research, Peking University, Beijing.
Yusuf, M., Mohamed, S., & Basah, A. M. Y. (2020), The Impact of Ageing Population on Malaysian Economic Growth, ASM Science Journal, Volume 13, https://doi.org/10.32802/asmscj.2020.sm26(1.24)
Mohd, S. N. A., Ishak, A. A., & Selvaratnam, D. P. (2021) Ageing Population’s Impact on Economic Growth in Malaysia from 1981 to 2019: Evidence from an Autoregressive Distributed Lag Approach. Front. Public Health 9:731554.
Murthy, U., Abdullah, N., & Abdullah, H. (2019a). Participation of Ageing Workers and Their Productivity in Malaysia Labour Market. e-BANGI: Jurnal Sains Sosial dan Kemanusiaan, 16(1), 1–10. ISSN 1823-884x.
Murthy, U., Abdullah, N., & Abdullah, H. (2019b) The Social and Economy Elements influencing the Aging Workers Contribution: Case in Private Universities, Selangor Malaysia. e-BANGI: Jurnal Sains Sosial dan Kemanusiaan, 16 (1). 1-12. ISSN 1823-884x.
Murthy, V. N., & Okunade, A. A. (2016). Determinants of US Health Expenditure: Evidence from Autoregressive Distributed Lag (ARDL)approach to cointegration. Economic Modelling. 59, 67–73.
Mushtaq, A., Mohsin, A., Zaman, K. (2013). Effects of health on changing labour force participation in Pakistan. SpringerPlus 2013, 2:610
Ogawa, N., Chawla, A., Matsukura, R., & Tung, A. C. (2009). Health expenditure and ageing in selected Asian countries. Expert Group Meeting on Population Ageing, Intergenerational Transfer and Social Protection. Santiago, Chile.
Organisation for Economic Cooperation and Development. (2018). OECD.stat Database. Paris. Retrieved from https://stats.oecd.org/
Phan, T. A., & Duong, L. H. (2021). The effects of corporate governance mechanisms on firm performance: Empirical evidence from Vietnam. The Journal of Asian Finance, Economics and Business, 8(4), 369-379.
Reddy, A. B. (2016). Labour force participation of elderly in India: patterns and determinants. International Journal of Social Economics. 43(5), pp. 502-516. https://doi.org/10.1108/IJSE-11-2014-0221
Reynolds, F., Farrow, A., & Blank, A. (2012). “Otherwise it would be nothing but cruises”: exploring the subjective benefits of working beyond 65. International Journal of Ageing and Later Life, 7(1), 79–106.
Seshamani, M., & Gray, A. (2004). A longitudinal study of the effects of age and time to death on hospital costs. Journal of Health Economy. 23, 217–235.
Townsend, M. (2016). The impact of an ageing population on end-of-life care costs (Discussion Paper 2912). Retrieved from Personal Social Services Research Unit, London School of Economics.
U.S. Bureau of Labour Statistics. (2014). Postsecondary teachers: Retrieved from http://www.bls.gov/ooh/education-training-and-library/postsecondary-teachers.htm.
Vengkatesh, N. (2013). Ageing Population, Low Birth Rates, Declining Fertility: Impact on Global Business. International Journal of Scientific & Engineering Research, 4 (5), 2173 – 2181.
Wahrendorf, M., Akinwale, B., Landy, R., Matthews, K., & Blane, D. (2017). Who in Europe works beyond the state pension age and under which conditions? Results from SHARE. Journal of Population Ageing, 10(3), 269–285.
Wang, K. M. (2011). Health care expenditure and economic growth: quantile panel -type analysis. Economic Modelling, 28 (4), 1536–1549.
Wang, P., & Kim, J. P. (2014). The value of reverse mortgage loans: case study of the Chinese market. The Journal of Asian Finance, Economics and Business, 1(4), 5-13.
Werblow, A., Felder, S., Zweifel, P. (2007). Population ageing and health care expenditure: a school of ‘red herrings’? Health Economy 16 (10), 1109–1126.
Wheaton, F., & Crimmins, E. M. (2012). The demography of ageing and retirement. In M. Wang (Ed.), The Oxford handbook of retirement (pp. 22–41). New York: Oxford University Press.
World Health Organisation. (2010). Ageing: The Global Population. Retrieved from https://www.who.int/news-room/q-a-detail/population-ageing.
Yew, W. C., & Azlan, N. M. N. (2014). Sociocultural determinants of health and illness: A theoretical inquiry. Geografia Malaysian Journal of Society and Space, 10(1), 49-59.
Zainuddin, H. N., Mohamad, N. E. A., Rajadurai, R. J. V., Sapuan, N. M., & Sanusi, N. A. (2022). Determinants of Improving the Financial Security of Retired Women in Malaysia. The Journal of Asian Finance, Economics and Business, 9(6), 11-21.

In-Text Citation: (Mariadas et al., 2023)
To Cite this Article: Mariadas, P. A., Shaari, S., Subramaniam, M., Murthy, U., & Roslan, S. N. M. (2023). Ageing Population and Healthcare Expenditure Impacts on Labour Force Participation Rate in Developing-8 Countries. International Journal of Academic Research in Economics and Management and Sciences, 12(1), 305–317.

Copyright: © 2023 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode