Quotation Lutz, Wolfgang, Crespo Cuaresma, Jesus, Sanderson, W.. 2012. Age Structure, Education and Economic Growth. IIASA Interim Report 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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Miscellaneous
Language English
Title Age Structure, Education and Economic Growth
Source IIASA Interim Report IR-12-011
Year 2012
URL http://webarchive.iiasa.ac.at/Admin/PUB/Documents/IR-12-011.pdf

Associations

People
Lutz, Wolfgang (Details)
Crespo Cuaresma, Jesus (Details)
External
Sanderson, W.
Organization
Institute for Statistics and Mathematics IN (Details)
Institute for Macroeconomics IN (Details)
Demography Group AB (Details)
Research Institute for Human Capital and Development FI (Former organization)
Research areas (Ă–STAT Classification 'Statistik Austria')
5404 Demography (Details)
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