The Elusive Effects of Demography on Rates of Return
AbstractProjected large changes in demographic profiles of developed countries over the next fifty years have led to increasing interest in the relationship between population structure and macroeconomic performance. Because demographic changes tend to be very slow, empirical analysis requires long time data sets, and this means that there is little evidence available for the likely effects of these changes. This paper addresses the problem by using panel data for 1900-1999 for sixteen developed countries to investigate the effects of population structure on rates of return. It concludes that there is no obvious direct relationship between demographics and rates of return, although there may be some indirect effect via the growth rate of the GDP.
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Bibliographic InfoPaper provided by Department of Economics, University of Bristol, UK in its series Bristol Economics Discussion Papers with number 03/551.
Length: 20 pages
Date of creation: Mar 2003
Date of revision:
rates of return; demographic effects; population structure;
Find related papers by JEL classification:
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- J1 - Labor and Demographic Economics - - Demographic Economics
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