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
Full text not available from this repository.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 |
| Divisions: | LSE |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Date Deposited: | 03 Feb 2010 13:13 |
| Last Modified: | 21 Apr 2024 23:12 |
| URI: | http://eprints.lse.ac.uk/id/eprint/26884 |
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