Six ways population change will affect the global economy

Mason, Andrew (author), Lee, Ronald (author), Istenič, Tanja (author), Sambt, Jože (author)

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
• UDC: 314
• ISSN on article: 0098-7921
• DOI: 10.1111/padr.12469
• COBISS.SI-ID: 97436419
• Publication date in RUL: 18.03.2022

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

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