DOES POPULATION AGEING PROMOTE FASTER ECONOMIC GROWTH?

Autor:	Pablo Hernández de Cos, Rafael Gomez
Rok vydání:	2008
Předmět:	Economics and Econometrics Population ageing education.field_of_study Population Per capita income A share Gross domestic product Demographic change Cohort Per capita Economics education Socioeconomics Demography
Zdroj:	Review of Income and Wealth. 54:350-372
ISSN:	1475-4991 0034-6586
DOI:	10.1111/j.1475-4991.2008.00279.x
Popis:	Can divergent demographic trends account for differences in per capita output across countries? We address this question by offering evidence that the process of population ageing is positively and significantly related to cross-country economic performance. We define and estimate the effect of demographic change in two ways. First, a growing cohort of working age persons (15–64) as a share of the total population is found to have a large positive effect on GDP per capita. Second, an increase in the number of prime age persons (35–54) relative to the younger working age population (15–34) is found to have a positive but curvilinear effect with respect to per capita GDP. We find that changes in per capita GDP peak when the ratio of the prime-to-younger age population reaches an optimum of prime age workers for every younger aged worker. Beyond or below this optimal ratio, per capita output is lowered.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::00cabc380902ddd76443ff9c5b1dd60c https://doi.org/10.1111/j.1475-4991.2008.00279.x Zobrazit plný text záznamu Plný text ve formátu PDF