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The importance of being mature: the effect of demographic maturation on global per capita GDP
| Content Provider | Semantic Scholar |
|---|---|
| Author | Gómez, Rafael Cos, Pablo Hernández De |
| Copyright Year | 2008 |
| Abstract | Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper, we measure the economic importance of age structure variation for the global economy. We find that demographic maturation has been associated with nearly half of the evolution of global per capita GDP since 1960. We also find that age structure differences can account for just over half of the variation in worldwide per capita GDP (i.e. the lack of sigma convergence) observed since 1960. |
| Starting Page | 589 |
| Ending Page | 608 |
| Page Count | 20 |
| File Format | PDF HTM / HTML |
| DOI | 10.1007/s00148-006-0107-6 |
| Volume Number | 21 |
| Alternate Webpage(s) | http://www.ecb.eu/pub/pdf/scpwps/ecbwp670.pdf |
| Alternate Webpage(s) | http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp670.pdf |
| Alternate Webpage(s) | http://www.ecb.int/pub/pdf/scpwps/ecbwp670.pdf |
| Alternate Webpage(s) | https://doi.org/10.1007/s00148-006-0107-6 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
