Paper Title
Framework for Silver Economy Research: Integrating Theory, Concepts and Modelling
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Registration ID: IJNRD_309474
Published ID: IJNRD2509123
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Keywords
Silver Economy, Population Aging, Demographic Transition, Active Aging, Gerontechnology
Abstract
The Silver Economy constitutes a transformative socioeconomic paradigm encompassing all economic activities, products, and services targeting older adults aged 50 and above while leveraging their substantial purchasing power. This comprehensive research framework tackles fundamental methodological limitations within Silver Economy scholarship by developing an integrated, multidisciplinary methodology that unifies diverse theoretical foundations with sophisticated analytical methodologies. Worldwide demographic shifts drive this economic transformation, with projections indicating that persons aged 65 and older will comprise 16 per cent of the global population by 2050. Conservative projections estimate the global Silver Economy may achieve approximately $15 trillion by 2030, constituting nearly 25 per cent of worldwide GDP. Nevertheless, current research methodologies remain compartmentalised across isolated academic disciplines, creating theoretical discrepancies and analytical limitations. This integrated framework synthesises perspectives from demography, economics, sociology, and public health, delivering crucial instruments for policymakers and business executives confronting demographic-induced economic transitions. The methodological approach incorporates multifaceted dimensions: economic metrics evaluating market mechanisms and consumer patterns; social elements analysing life quality and community participation; technological components examining digital accessibility and supportive technologies; and governance aspects addressing regulatory structures and infrastructure advancement. The framework utilises advanced predictive modelling techniques, incorporating demographic projection systems, health and longevity estimation models, and econometric methodologies to analyse intricate connections between population transitions and economic outcomes. Comparative regional studies across Europe, Asia, and North America illustrate varied Silver Economy development strategies, complemented by sectoral examinations spanning healthcare, financial services, housing, and technological innovations. Research outcomes challenge dependency assumptions, demonstrating that older populations maintain considerable economic influence and technological flexibility. The framework establishes demographic predictability as a remarkably stable investment opportunity, promoting a conceptual transformation from perceiving population ageing as an economic liability toward recognising seniors as vibrant economic participants. Effective Silver Economy advancement demands collaborative stakeholder participation, age-inclusive infrastructure, and creative service provision models that foster active ageing while maintaining consumer safeguards and universal accessibility.
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How To Cite (APA)
R. Durai, S. Ramaswamy, & Sruthi Mohan (September-2025). Framework for Silver Economy Research: Integrating Theory, Concepts and Modelling. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 10(9), b230-b249. https://ijnrd.org/papers/IJNRD2509123.pdf
Issue
Volume 10 Issue 9, September-2025
Pages : b230-b249
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Paper Reg. ID: IJNRD_309474
Published Paper Id: IJNRD2509123
Research Area: Science and Technology
Author Type: Indian Author
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2509123.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2509123
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