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Lexis diagram showing the cohort of 2003-born persons in green, and the year 2005 in red. In demography a Lexis diagram (named after economist and social scientist Wilhelm Lexis) is a two dimensional diagram used to represent events (such as births or deaths) that occur to individuals belonging to different cohorts.
It is the only index associated with the age distribution of a population. [ 1 ] Currently, the median age ranges from a low of about 18 or less in most Least Developed countries to 40 or more in most European countries, Canada , Cuba , Hong Kong , Japan , South Korea , Taiwan , and Thailand .
Over the age of 65: elderly, senior citizens. The age structure of a country has a strong impact on society and the economy. If the proportion of 0–14-year-olds is very high, there may be a so-called youth bulge. If, on the other hand, the proportion of over 65 is very high, the social systems of a country can be heavily burdened.
In practice, it is useful to have an ultimate age associated with a mortality table. Once the ultimate age is reached, the mortality rate is assumed to be 1.000. This age may be the point at which life insurance benefits are paid to a survivor or annuity payments cease. Four methods can be used to end mortality tables: [12]
Population pyramid of China (2018) Population ageing is an increasing median age in a population because of declining fertility rates and rising life expectancy.Most countries have rising life expectancy and an ageing population, trends that emerged first in developed countries but are now seen in virtually all developing countries.
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In recent decades, the fertility rate of the United States has declined below replacement level, prompting projections of an aging population and workforce, [1] [2] as is already happening elsewhere in the developed world and some developing countries. [3] The decline has been most noticeable since after the Great Recession of the late 2000s. [4]
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