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The importance of being mature: the effect of demographic ageing on global per-capita GDP

Gomez, Rafael and Hernandez de Cos, Pablo (2008) The importance of being mature: the effect of demographic ageing on global per-capita GDP. Journal of Population Economics, 21 (3). pp. 589-608. ISSN 1432-1475

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Abstract

Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper, we measure the economic importance of age structure variation for the global economy. We find that demographic maturation has been associated with nearly half of the evolution of global per capita GDP since 1960. We also find that age structure differences can account for just over half of the variation in worldwide per capita GDP (i.e. the lack of sigma convergence) observed since 1960.

Item Type: Article
Official URL: http://www.springerlink.com/content/100520/
Additional Information: © 2008 Journal of Population Economics
Library of Congress subject classification: H Social Sciences > H Social Sciences (General)
Sets: Research centres and groups > Employment Relations and Organisational Behaviour Group
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 03 Feb 2010 13:13
URL: http://eprints.lse.ac.uk/26884/

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