Microeconomic Foundations of the Demographic Dividend
AbstractThe potential economic returns to the demographic transition are high. As countries move from a steady state with high mortality and high fertility to an equilibrium with low mortality and fewer children, lower dependency ratios, higher investment in human and physical capital as well as increased female labor force participation contribute to economic growth. In this paper, we analyze the demographic transition at the household level, investigating the distributional patterns of the economic and welfare benefits associated with the demographic transition across socioeconomic groups within countries and over time. We find large differences in the effects of the demographic transition across socioeconomic status (SES) groups in the early stages of the demographic transition, but also substantial behavioral change across all groups during phases of rapid fertility decline, so that the long-run effects of the demographic transition on inequality remain ambiguous.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Program on the Global Demography of Aging in its series PGDA Working Papers with number 9312.
Date of creation: Aug 2012
Date of revision:
demographic transition; socioeconomic status; fertility;
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-08-23 (Economics of Ageing)
- NEP-ALL-2012-08-23 (All new papers)
- NEP-DEM-2012-08-23 (Demographic Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gary S. Becker & Kevin M. Murphy & Robert Tamura, .
"Human Capital, Fertility, and Economic Growth,"
University of Chicago - Population Research Center
90-5a, Chicago - Population Research Center.
- Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 323-350 National Bureau of Economic Research, Inc.
- Becker, Gary S & Murphy, Kevin M & Tamura, Robert, 1990. "Human Capital, Fertility, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S12-37, October.
- Angeles, Luis, 2008.
"Demographic Transitions: analyzing the effects of mortality on fertility,"
SIRE Discussion Papers
2008-33, Scottish Institute for Research in Economics (SIRE).
- Luis Angeles, 2010. "Demographic transitions: analyzing the effects of mortality on fertility," Journal of Population Economics, Springer, vol. 23(1), pages 99-120, January.
- Luis Angeles, 2008. "Demographic Transitions: analyzing the effects of mortality on fertility," Working Papers 2008_25, Business School - Economics, University of Glasgow.
- David E. Bloom & David Canning & Bryan Graham, 2003.
"Longevity and Life-cycle Savings,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 105(3), pages 319-338, 09.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Günther Fink).
If references are entirely missing, you can add them using this form.