This article is the fourth in the 2003 Research Quarterly series

The impact of the aging workforce—particularly in developed countries—is beginning to be felt globally in the economy, in businesses, in communities, and even in people’s family life. It is critical that governments, employers, and communities become more aware of the affect of the aging population on society in general and in particular the anticipated labor shortages, greater health care needs for the elderly, and decreased private and public investments with fewer people contributing as the baby boom generation retires. And as worldwide demographic trends continue to show declining fertility rates and a steady increase in life expectancy, the issues of older workers and eldercare come to the forefront.

This article is a reprint from the December 2003 issue of HR Magazine.