Abstract
The eradication of poverty continues to be a priority for policymakers worldwide. At the same time, trends in population aging results in a strong need to understand and address poverty in the late...
Highlights
The purpose of this review is to map out current empirical research on old age poverty, delineate knowledge gaps, and provide recommendations for future research
The eradication of poverty continues to be a key priority for policy and decision makers worldwide (United Nations General Assembly, 2014)
Understanding old age poverty needs to be an essential part of antipoverty policies, programs, and practices
Summary
According to the United Nations Department of Economic and Social Affairs (UNDESA, 2015), in 2015 one in eight people worldwide was aged 60 years or over globally. They projected that by 2030, for the first time in human history, the older population will outnumber children (aged 0–9 years), and by 2050 will exceed the population of adolescents and youth (aged 10–14 years). Declining mortality and fertility rates are the major causes of this unprecedented demographic shift in age compositions. Several characteristics of global population ageing are worth highlighting. Most societies are experiencing (or will experience) population aging, the fastest rates of population aging are occurring in developing countries, whereby, from 2000 to 2015, the number
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