Global demographic change
Subtitle: dimensions and economic significance
By: David E. Bloom, David Canning.
Contributors: Canning, David.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10817; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10817.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Population -- Economic aspects.
Description: "Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while rising longevity has perhaps increased both the incentive to invest in education and to save for retirement.  We present estimates of a model of economic growth that highlights the positive effects of demographic change during 1960-95.  We also show how Ireland benefited from lower fertility in the form of higher labor supply per capita and how Taiwan benefited through increased savings rates.  We emphasize, however, that the realization of the potential benefits associated with the demographic transition appears to be dependent on institutions and policies, requiring the productive employment of the potential workers and savings the transition generates.  Economic projections based on an "accounting" approach that assumes constant age-specific behavior are likely to be seriously misleading"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/7/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.