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Aging population occurs when the average age of a population goes up. Hence, population ageing is defined as a shift in the distribution of the population in a country towards older ages. This usually happens because of a rise in life expectancy or a decrease in the birth rates; thereby resulting in an increase in the existence of elderly people and a decrease in the presence of children in the population .
Ageing population results possibly from two demographic effects, which include increasing longitivity and reduction in fertility. An increase in longitivity rises the mean age of the population by increasing the survival of elderly people. A reduction in fertility lowers the number of newborn babies, and with the continuation of this effect, the numbers of younger people in general also get reduced. Migration is the possible third factor. Studies have revealed out that, currently declining fertility is the main factor which is contributing to ageing population in the world.
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