Chapter

Demographic Change, Economic Growth, and Inequality

Jeffrey G. Williamson

in Population Matters

Published in print August 2001 | ISBN: 9780199244072
Published online November 2003 | e-ISBN: 9780191595974 | DOI: http://dx.doi.org/10.1093/0199244073.003.0005
 Demographic Change, Economic Growth, and Inequality

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This chapter argues that in the early stages of demographic transition, per capita income growth is diminished by large youth dependency burdens and small working age adult shares: there are few workers and savers. As transition proceeds, per capita income growth is promoted by smaller youth dependency burdens and larger working age adult shares: there are many workers and savers. The early burden of having few workers and savers becomes a boon — a high share of working age adults. This boon disappears as the elderly share rises.

Keywords: demographic transition; dependency burden; workers; savers; youth; adult; elderly; population change

Chapter.  12404 words.  Illustrated.

Subjects: Economic Development and Growth

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