Quotation Crespo Cuaresma, Jesus and Lutz, Wolfgang and Sanderson, Warren. 2014. Is the demographic dividend an education dividend? Demography 51, 299-315.




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 article, 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 after the effect of human capital dynamics is controlled for, no evidence exists 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 Journal article
Journal Demography
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-B
Language English
Title Is the demographic dividend an education dividend?
Volume 51
Year 2014
Page from 299
Page to 315
Reviewed? Y
URL http://link.springer.com/article/10.1007/s13524-013-0245-x
DOI http://dx.doi.org/10.1007/s13524-013-0245-x


Crespo Cuaresma, Jesus (Details)
Lutz, Wolfgang (Former researcher)
Sanderson, Warren (State University of New York at Stony Brook, United States/USA)
Department of Economics (Crespo Cuaresma) (Details)
Demography Group AB (Former organization)
Research Institute for Human Capital and Development FI (Former organization)
Research areas (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
5404 Demography (Details)
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