UNDERSTANDING DEMOGRAPHIC DIVIDENDS IN AFRICA: THE NTA APPROACH
| Autor: | Idossou Jean-Baptiste Oga, Latif Dramani |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
education.field_of_study Labour economics 030503 health policy & services 05 social sciences Geography Planning and Development Population Demographic transition Investment (macroeconomics) Human capital 03 medical and health sciences Physical capital 0502 economics and business Per capita Demographic dividend Economics Dividend Demographic economics 050207 economics 0305 other medical science education Demography |
| Zdroj: | Journal of Demographic Economics. 83:85-101 |
| ISSN: | 2054-0906 2054-0892 |
| DOI: | 10.1017/dem.2016.30 |
| Popis: | In this paper, we document the economic implications of changing demographic conditions in Africa. To construct support ratios, we use National Transfer Accounts (NTA) estimates of per capita labor income and consumption by age, as well as population estimates and projections provided by the UN Population Division for 16 African countries. First, we find that, on average, support ratios are rising in Africa. But compared with the support ratios in Asia and Latin America, the magnitude of those in Africa is lower because the percentage of effective workers in the total population is also low. Second, we find that human capital spending is high in countries with low fertility rates, which suggests a quantity–quality trade-off. NTA estimates also show that to capitalize on the demographic dividend, countries have to create economic opportunities for young adults. In addition, investment in human and physical capital is important to generate the second demographic dividend. |
| Databáze: | OpenAIRE |
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