scholarly journals From Demographic Dividend to Demographic Burden: The Impact of Population Ageing on Economic Growth in Europe

2014 ◽  
Vol 106 (1) ◽  
pp. 94-109 ◽  
Author(s):  
Nicole Van Der Gaag ◽  
Joop de Beer
Keyword(s):  
Economic Growth ◽  
Population Ageing ◽  
Demographic Dividend ◽  
The Impact

scholarly journals Labour force participation in New Zealand: Tecent trends, future scenarios and the impact on economic growth.

1970 ◽  
Author(s):  
David Paterson ◽  
Simon Brown
Keyword(s):  
Economic Growth ◽  
New Zealand ◽  
Labour Force ◽  
Participation Rate ◽  
Labour Force Participation ◽  
Population Ageing ◽  
The Past ◽  
To Come ◽  
The Impact

This paper examines labour force participation trends in New Zealand, how we compare to the rest of the OECD and how participation and economic growth might be affected in the future by population ageing. Participation has risen significantly over the past 20 years despite an increase in the average age of the working­age population. We have looked at how participation has changed by age, gender and ethnicity. By contrast, average hours worked has declined over the past 20 years and we consider the reasons for that. Population ageing means the recent growth seen in labour force participation is likely to come to an end, with the participation rate projected to decline over the medium term. Falling participation will have a dampening effect on economic growth. We have investigated the impact of declining participation on gross domestic product using official labour force projections and identified a range of scenarios for what participation might look like in the year 2029. In each scenario, we discuss the impact on economic growth. Most other OECD countries are in a similar situation to us with respect to population ageing. We have looked at the latest Australian projections for economic growth in the long term and the increased growth in New Zealand’s productivity that would be necessary to begin to close the gap on Australia.

scholarly journals The Impact of Population Ageing and Labor Supply on Economic Growth - Analysis Based on Panel Autoregressive Model

2020 ◽  
Vol 11 (1) ◽  
pp. 51-58
Author(s):  
Changing Sun
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Labor Supply ◽  
Growth Analysis ◽  
The Elderly ◽  
Variance Decomposition ◽  
Population Ageing ◽  
Theoretical Level ◽  
The Impact ◽  
Auto Regression

AbstractPopulation Ageing will increase the proportion of the elderly in the population and affect the Labor supply, which will eventually have an effect on the economy. This paper first analyzes the impact of aging on labor supply and economic growth from the theoretical level. Population ageing argues will reduce the supply of labor and hamper economic growth. Then, based on the panel data of 31 provinces, municipalities and autonomous regions in China, this paper uses panel auto-regression Model. An empirical analysis of the interaction between population ageing and labor force is carried out by means of Impulse Response Diagram and variance decomposition. The study adds to evidence that ageing reduces the supply of labor and hence economic growth.

scholarly journals Population Ageing, Financial Deepening and Economic Growth: Evidence from China

2018 ◽  
Vol 10 (12) ◽  
pp. 4627 ◽  
Author(s):  
Shangmei Zhao ◽  
Jiang He ◽  
Haijun Yang
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Threshold Level ◽  
Inhibitory Effect ◽  
Population Ageing ◽  
Marginal Effect ◽  
Financial Deepening ◽  
Dynamic Panel ◽  
Negative Effect ◽  
The Impact

Using a panel of 31 Chinese provinces from 2000 to 2016, we investigated the impact of population ageing and financial deepening on economic growth. Based on the dynamic panel system GMM estimators, the empirical results address that both population ageing and financial deepening have a significantly positive impact on economic growth, while the interactions between them have a significantly negative effect on economic growth. From the perspective of total marginal effect, we also find that population ageing does contribute to economic growth but only when financial deepening is less than a threshold level; however, on the whole, financial deepening has an inhibitory effect on economic growth which increases with population ageing.

LINKAGES UNDERLYING THE INFLUENCE OF POPULATION AGEING ON ECONOMIC GROWTH AND POLICY IMPLICATIONS TO VIETNAM

2017 ◽  
Vol 126 (5B) ◽  
pp. 73
Author(s):  
Nguyễn Thị Thu Hà
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Population Ageing ◽  
Output Growth ◽  
Policy Implications ◽  
Ageing Population ◽  
Negative Effects ◽  
Ageing Society ◽  
The Government ◽  
The Impact

This paper is in line with literature reviews of ageing society and economic growth to provide a deeper knowledge of whether ageing population diminishes or enhances economic growth. The first part presents the causes of negative effects of population ageing on economic growth. It reveals that lower fertility, longer life expectancy, low consumption and high public spending on health care lead to aggregate output growth decline in the long-run. The following part attempts to explain the hypotheses of why ageing can contribute to economic growth. The key issue is the human capital accumulation according to the proposition of replicated economy. Furthermore, this part indentifies the elderly factors affecting economic growth, including effective labor, knowledge transfer and change in saving patterns. Accordingly, the conceptual framework is schematically shown with linkages underlying the impact of population ageing on economic growth. This study is expected to be the first research focuses on the schematic diagram of this relationship and will be useful for planning policy reform of the government of Vietnam. Lastly, after reviewing the overview picture of population ageing in Vietnam, some policy implications are suggested to take advantage of population ageing and to diminish negative effects of population ageing on economic growth.

scholarly journals The Contribution of Migration to Economics Growth. Evidence from Spain

2016 ◽  
Vol 1 (1) ◽  
pp. 124-130 ◽  
Author(s):  
Antonio Mihi-Ramírez ◽  
Sara Ojeda-González ◽  
María José Miranda-Martel ◽  
Eugene Agoh
Keyword(s):  
Economic Growth ◽  
Migrant Workers ◽  
Population Ageing ◽  
Economic Conditions ◽  
Employment Rate ◽  
Migration Patterns ◽  
Migration Flows ◽  
Evolution Of Migration ◽  
Migration Theories ◽  
The Impact

AbstractProductivity is crucial for economic growth. In a time of challenges such as the population ageing, a growing migration flows and slowdown of the economy it is very important to know the impact of migrant workers in productivity and development. Therefore, this paper studies relevant migration theories and the evolution of migration flows, productivity and their effect on economic growth. We analyse the contribution of immigrants’ workers to productivity, to the employment rate and to the demography of Spain in the last 10 years, a country where the last crisis deeply changes the migration patterns and economic conditions. The results show that, in this case, the impact of immigration on the level of development was small but positive.

THE IMPACT OF POPULATION AGEING ON ECONOMIC GROWTH: A BIBLIOMETRIC SURVEY

2017 ◽  
Vol 62 (02) ◽  
pp. 275-296 ◽  
Author(s):  
RENUGA NAGARAJAN ◽  
AURORA A. C. TEIXEIRA ◽  
SANDRA SILVA
Keyword(s):  
Economic Growth ◽  
Real World ◽  
Relative Weight ◽  
Developed Countries ◽  
Population Ageing ◽  
Positive Trend ◽  
Less Developed Countries ◽  
Empirical Methods ◽  
Real World Data ◽  
The Impact

Population ageing and its influence on the economic growth has long been the focus of major concern. Using bibliometric techniques we found that: (1) although ageing has increasingly attracted more researchers within economics literature, the relative weight of ageing and economic growth related papers does not evidence a clear positive trend; (2) recent studies reveal the willingness of researchers to evaluate less immediate mechanisms relating ageing and economic growth; (3) the increase in the use of empirical methods reflects a trend to test economic phenomena with real-world data against the theory; (4) very few studies focus on developing and less developed countries.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

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