Age Structure, Education and Economic Growth

Crespo Cuaresma J, Lutz W, & Sanderson WC (2012). Age Structure, Education and Economic Growth. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-12-011

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Abstract

The effect of changes in age structure on economic growth has been widely studied in the demography and population economics literature. The beneficial effect of changes in age structure after a decrease in fertility has become known as the demographic dividend. In this paper we reassess the empirical evidence on the associations among economic growth, changes in age structure, labor force participation and educational attainment. Using a global panel of countries, we find that once the effect of human capital dynamics is controlled for there is no evidence that changes in age structure affect labor productivity. Our results imply that improvements in educational attainment are the key to explaining productivity and income growth and that a substantial portion of the demographic dividend is an education dividend.

Item Type: Monograph (IIASA Interim Report)
Research Programs: World Population (POP)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:48
Last Modified: 23 Oct 2016 00:04
URI: http://pure.iiasa.ac.at/10263

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