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Six ways population change will affect the global economy
ID Mason, Andrew (Author), ID Lee, Ronald (Author), ID Istenič, Tanja (Author), ID Sambt, Jože (Author)

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Abstract
New estimates of economic flows by age combined with population projections showthat in the coming decades (1) global GDP growth could be slower by about 1 per-centage point per year, declining more sharply than population growth; (2) GDPwill shift toward sub-Saharan Africa more than population trends suggest; (3) liv-ing standards of working-age adults may be squeezed by high spending on childrenand seniors; (4) changing population age distribution will raise living standards inmany lower-income nations; (5) changing economic life cycles will amplify the eco-nomic effects of population aging in many higher income economies; and (6) pop-ulation aging will likely push public debt, private assets, and perhaps productivityhigher. Population change will have profound implications for national, regional,and global economies.

Language:English
Keywords:national accounts, demography, demographic structures
Work type:Article
Typology:1.01 - Original Scientific Article
Organization:EF - School of Economics and Business
Publication status:In print
Publication version:Version of Record
Year:2022
PID:20.500.12556/RUL-135550 This link opens in a new window
UDC:314
ISSN on article:0098-7921
DOI:10.1111/padr.12469 This link opens in a new window
COBISS.SI-ID:97436419 This link opens in a new window
Publication date in RUL:18.03.2022
Views:1548
Downloads:207
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Record is a part of a journal

Title:Population and development review
Shortened title:Popul. dev. rev.
Publisher:Wiley
ISSN:0098-7921
COBISS.SI-ID:26156800 This link opens in a new window

Licences

License:CC BY 4.0, Creative Commons Attribution 4.0 International
Link:http://creativecommons.org/licenses/by/4.0/
Description:This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.
Licensing start date:14.02.2022

Secondary language

Language:Slovenian
Keywords:družbeni računi, demografija, demografske strukture

Projects

Funder:Other - Other funder or multiple funders
Funding programme:National Institute on Aging grant to the Center on the Economics and Demography of Aging
Project number:5P30AGO12839-24

Funder:Other - Other funder or multiple funders
Funding programme:William and Flora Hewlett Foundation, Counting Women’s Work Project
Project number:2013-9306

Funder:Other - Other funder or multiple funders
Funding programme:William and Flora Hewlett Foundation, Counting Women’s Work Project
Project number:2017-4778

Funder:Other - Other funder or multiple funders
Funding programme:International Development Research Centre
Project number:107451

Funder:EC - European Commission
Funding programme:The European Union’s Seventh Framework Program for Research, Technological Development and Demonstration
Project number:613247

Funder:Other - Other funder or multiple funders
Funding programme:United Nations Development Account Project
Project number:1617AO (10th Tranche)

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