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The Philippines is slowly ageing. In a little over a decade, the country’s elderly will comprise at least seven percent of the total population. This rising tide may pose some substantial burden to the country's resources. But the same economic and demographic forces that will eventually lead...
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This study explores the relationship between demographic factors and saving rates using a panel dataset covering 110 countries between 1963 and 2012. In line with predictions from theory, this paper finds that lower dependency rates and greater longevity increase domestic saving rates. However,...
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We assess Africa's prospects for enjoying a demographic dividend. While fertility rates and dependency ratios in Africa remain high, they have started to decline. According to UN projections, they will fall further in the coming decades such that by the mid-21st century the ratio of the...
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From 1850 to 2000, in Western European countries life expectancy rose from 30–40 to 80 years and the average number of children per woman fell from 4 to 5 children to slightly more than one. To gauge the economic consequences of these demographic trends, we implement an overlapping generations...
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This study investigates the impact of demographic dividends on economic growth by employing the dynamic common correlated effect (DCCE) as a panel data estimation technique. The analysis encompasses 71 developing countries from 1980 to 2019, further divided into lower- and higher-income...
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The present study first examines the trends in age structural shifts in selected Asian economies over the period 1950–2050 and analyzes their impact on economic growth in terms of the first and second demographic dividends computed from the system of National Transfer Accounts. Then, using the...
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