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Ageing and economic performance


  • Johnson, Paul


This paper presents a brief review of the literature on the probable economic effects of population ageing in the industrial economies over the next 4 decades. Outline information is provided about short-run and long-run changes in the size and age structure of the population. The implications of these population movements for the labour market, for consumption, for savings and investment and for social security systems are then considered. The paper notes that economic research findings are very tentative, and that research is constrained by substantial ignorance of many of the important linkages between economic and demographic systems.

Suggested Citation

  • Johnson, Paul, 1991. "Ageing and economic performance," Economic History Working Papers 21105, London School of Economics and Political Science, Department of Economic History.
  • Handle: RePEc:ehl:wpaper:21105

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    References listed on IDEAS

    1. John Komlos, 1993. "The secular trend in the biological standard of living in the United Kingdom, 1730-1860," Economic History Review, Economic History Society, vol. 46(1), pages 115-144, February.
    2. N. F. R. Crafts & C. K. Harley, 1992. "Output growth and the British industrial revolution: a restatement of the Crafts-Harley view," Economic History Review, Economic History Society, vol. 45(4), pages 703-730, November.
    3. Richard H. Steckel, 1992. "Stature and Living Standards in the United States," NBER Chapters,in: American Economic Growth and Standards of Living before the Civil War, pages 265-310 National Bureau of Economic Research, Inc.
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    5. Horrell, Sara & Humphries, Jane, 1992. "Old Questions, New Data, and Alternative Perspectives: Families' Living Standards in the Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 52(04), pages 849-880, December.
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    7. Roderick Floud & Bernard Harris, 1997. "Health, Height, and Welfare: Britain, 1700-1980," NBER Chapters,in: Health and Welfare during Industrialization, pages 91-126 National Bureau of Economic Research, Inc.
    8. Hans-Joachim Voth & Timothy Leunig, 1996. "Did smallpox reduce height? Stature and the standard of living in London, 1770-1873," Economic History Review, Economic History Society, vol. 49(3), pages 541-560, August.
    9. David F. Mitch, 1986. "The Impact of Subsidies to Elementary Schooling on Enrolment Rates in Nineteenth-century England," Economic History Review, Economic History Society, vol. 39(3), pages 371-391, August.
    10. Roderick Floud, 1984. "The Heights of Europeans Since 1750: A New Source For European Economic History," NBER Working Papers 1318, National Bureau of Economic Research, Inc.
    11. Sudhir Anand & Martin Ravallion, 1993. "Human Development in Poor Countries: On the Role of Private Incomes and Public Services," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 133-150, Winter.
    12. Qizilbash, Mozaffar, 1997. "Pluralism and well-being indices," World Development, Elsevier, vol. 25(12), pages 2009-2026, December.
    13. Sen, Amartya, 1979. "The Welfare Basis of Real Income Comparisons: A Survey," Journal of Economic Literature, American Economic Association, vol. 17(1), pages 1-45, March.
    14. Richard H. Steckel & Roderick Floud, 1997. "Health and Welfare during Industrialization," NBER Books, National Bureau of Economic Research, Inc, number stec97-1, January.
    15. R. V. Jackson, 1994. "Inequality of incomes and lifespans in England since 1688," Economic History Review, Economic History Society, vol. 47(3), pages 508-524, August.
    16. Williamson, Jeffrey G., 1990. "The impact of the Corn Laws just prior to repeal," Explorations in Economic History, Elsevier, vol. 27(2), pages 123-156, April.
    17. Richard H. Steckel, 1995. "Stature and the Standard of Living," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1903-1940, December.
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    More about this item

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General


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