Advanced Search
MyIDEAS: Login to save this paper or follow this series

Aging and Economic Opportunities: Major World Regions around the Turn of the Century

Contents:

Author Info

  • Jere R. Behrman
  • Suzanne Duryea
  • Miguel Székely

Abstract

This paper presents new evidence for major world regions and for the most populous countries in each region on associations between the average ages of populations and three groups of economic outcomes: (1) macroeconomic aggregates (domestic saving as a share of GDP, GDP per capita, capital per worker and tax revenue as a share of GDP); (2) governmental expenditures on education and health; and (3) social indicators (inequality, unemployment, homicide rates, and schooling progression rates). The results suggest that the variables considered follow clear age-related patterns, that the patterns differ by regions, and that the patterns differ with different policy regimes related to trade openness, domestic financial market deepening and macroeconomic volatility. The evidence is consistent with the possibility that some age structure shifts can provide favorable conditions for development. Apparently regions such as East Asia in recent decades have been able to benefit from this demographic opportunity. However, in others such as Latin America and the Caribbean--which is at the verge of experiencing the largest age structure shifts in the coming decades--creating an adequate economic environment to translate the opportunity into higher living standards for its population is a major challenge.

Download Info

If 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.
File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=WP-405&pub_file_name=pubWP-405.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4180.

as in new window
Length:
Date of creation: Sep 1999
Date of revision:
Handle: RePEc:idb:wpaper:4180

Contact details of provider:
Postal: 1300 New York Avenue, NW, Washington, DC 20577
Phone: 202-623-1000
Email:
Web page: http://www.iadb.org/res
More information through EDIRC

Related research

Keywords:

Other versions of this item:

References

References listed on IDEAS
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.:
as in new window
  1. Miles, David, 1999. "Modelling the Impact of Demographic Change upon the Economy," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 109(452), pages 1-36, January.
  2. Edmund S. Phelps, 1968. "Population Increase," Canadian Journal of Economics, Canadian Economics Association, vol. 1(3), pages 497-518, August.
  3. Klaus Deininger & Lyn Squire, 1996. "A New Data Set Measuring Income Inequality," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics 512, China Economics and Management Academy, Central University of Finance and Economics.
  4. Birdsall, Nancy, 1985. "Public inputs and child schooling in Brazil," Journal of Development Economics, Elsevier, vol. 18(1), pages 67-86.
  5. Hongyi Li & Lyn Squire & Tao Zhang & Heng-fu Zou, 1999. "A Data Set on Income Distribution," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics 575, China Economics and Management Academy, Central University of Finance and Economics.
  6. Lam, David, 1993. "Demographic variables and income inequality," Handbook of Population and Family Economics, Elsevier, in: M. R. Rosenzweig & Stark, O. (ed.), Handbook of Population and Family Economics, edition 1, volume 1, chapter 18, pages 1015-1059 Elsevier.
  7. Deaton, Angus & Paxson, Christina, 1994. "Intertemporal Choice and Inequality," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 102(3), pages 437-67, June.
  8. Heston, Alan, 1994. "A brief review of some problems in using national accounts data in level of output comparisons and growth studies," Journal of Development Economics, Elsevier, vol. 44(1), pages 29-52, June.
  9. Angus Deaton & Christina Paxson, 1998. "Saving and growth: another look at the cohort evidence," Working Papers 225, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
  10. Behrman, Jere R & Birdsall, Nancy, 1983. "The Quality of Schooling: Quantity Alone is Misleading," American Economic Review, American Economic Association, vol. 73(5), pages 928-46, December.
  11. Srinivasan, T. N., 1994. "Data base for development analysis Data base for development analysis: An overview," Journal of Development Economics, Elsevier, vol. 44(1), pages 3-27, June.
  12. Bouis, Howarth E., 1994. "The effect of income on demand for food in poor countries: Are our food consumption databases giving us reliable estimates?," Journal of Development Economics, Elsevier, vol. 44(1), pages 199-226, June.
  13. Richard Easterlin, 1978. "What will 1984 be like? Socioeconomic implications of recent twists in age structure," Demography, Springer, Springer, vol. 15(4), pages 397-432, November.
  14. Kremer, Michael R, 1995. "Research on Schooling: What We Know and What We Don't: A Comment," World Bank Research Observer, World Bank Group, World Bank Group, vol. 10(2), pages 247-54, August.
  15. Chamie, Joseph, 1994. "Population databases in development analysis," Journal of Development Economics, Elsevier, vol. 44(1), pages 131-146, June.
  16. Hanushek, Eric A, 1995. "Interpreting Recent Research on Schooling in Developing Countries," World Bank Research Observer, World Bank Group, World Bank Group, vol. 10(2), pages 227-46, August.
  17. Behrman, Jere R. & Rosenzweig, Mark R., 1994. "Caveat emptor: Cross-country data on education and the labor force," Journal of Development Economics, Elsevier, vol. 44(1), pages 147-171, June.
  18. Ahmad, Sultan, 1994. "Improving inter-spatial and inter-temporal comparability of national accounts," Journal of Development Economics, Elsevier, vol. 44(1), pages 53-75, June.
  19. Suzanne Duryea & Miguel Székely, 1998. "Labor Markets in Latin America: A Supply-Side Story," IDB Publications 6439, Inter-American Development Bank.
  20. Browning, Martin & Deaton, Angus & Irish, Margaret, 1985. "A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle," Econometrica, Econometric Society, Econometric Society, vol. 53(3), pages 503-43, May.
  21. Angus Deaton & Christina Paxson, 1997. "The effects of economic and population growth on national saving and inequality," Demography, Springer, Springer, vol. 34(1), pages 97-114, February.
  22. Tullio Jappelli & Franco Modigliani, 1998. "The Age-Saving Profile and the Life-Cycle Hypothesis," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy 09, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Suzanne Duryea & Jere R. Behrman & Miguel Székely, 1999. "Inversiones en enseñanza y condiciones macroeconómicas: investigación micro-macro de América Latina y el Caribe," Research Department Publications, Inter-American Development Bank, Research Department 4185, Inter-American Development Bank, Research Department.
  2. K. Navaneetham, 2010. "Age Structural Transition and Economic Growth: Evidence from South and Southeast Asia," Working Papers id:3133, eSocialSciences.
  3. Paúl Melgar & Luis Fernando Ramírez & Scott McNiven & Rosa Mery Mejía & Ann DiGirolamo & John Hoddinott & John A. Maluccio, 2008. "Resource Flows Among Three Generations in Guatemala Study (2007–08): Definitions, tracking, data collection, coverage, and attrition," Middlebury College Working Paper Series 0803, Middlebury College, Department of Economics.
  4. Suzanne Duryea & Jere R. Behrman & Miguel Székely, 1999. "Schooling Investments and Macroeconomic Conditions: A Micro-Macro Investigation for Latin America and the Caribbean," Research Department Publications, Inter-American Development Bank, Research Department 4184, Inter-American Development Bank, Research Department.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:idb:wpaper:4180. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Bazan).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.