On the Impact of Demographic Change on Growth, Savings, and Poverty

Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is...

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Main Authors:	Cruz, Marcio, Ahmed, S. Amer
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	demographics economic growth savings poverty demographic change
Online Access:	http://documents.worldbank.org/curated/en/2016/08/26738377/impact-demographic-change-growth-savings-poverty-capabilities-driving-participation-global-value-chains http://hdl.handle.net/10986/25050

id	okr-10986-25050
recordtype	oai_dc
spelling	okr-10986-250502021-04-23T14:04:28Z On the Impact of Demographic Change on Growth, Savings, and Poverty Cruz, Marcio Ahmed, S. Amer demographics economic growth savings poverty demographic change Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over the coming decades. At the same time, these countries will see sustained increases in the working-age shares of their population, and these shifts have the potential to boost growth and reduce poverty. This paper describes the main mechanisms through which demographic change may affect economic outcomes, and estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty rate. An increase of one percentage point in the working-age population share is found to be associated with an increase in gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and poverty reduction. 2016-09-12T22:26:18Z 2016-09-12T22:26:18Z 2016-08 Working Paper http://documents.worldbank.org/curated/en/2016/08/26738377/impact-demographic-change-growth-savings-poverty-capabilities-driving-participation-global-value-chains http://hdl.handle.net/10986/25050 English en_US Policy Research Working Paper;No. 7805 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	demographics economic growth savings poverty demographic change
spellingShingle	demographics economic growth savings poverty demographic change Cruz, Marcio Ahmed, S. Amer On the Impact of Demographic Change on Growth, Savings, and Poverty
relation	Policy Research Working Paper;No. 7805
description	Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over the coming decades. At the same time, these countries will see sustained increases in the working-age shares of their population, and these shifts have the potential to boost growth and reduce poverty. This paper describes the main mechanisms through which demographic change may affect economic outcomes, and estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty rate. An increase of one percentage point in the working-age population share is found to be associated with an increase in gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and poverty reduction.
format	Working Paper
author	Cruz, Marcio Ahmed, S. Amer
author_facet	Cruz, Marcio Ahmed, S. Amer
author_sort	Cruz, Marcio
title	On the Impact of Demographic Change on Growth, Savings, and Poverty
title_short	On the Impact of Demographic Change on Growth, Savings, and Poverty
title_full	On the Impact of Demographic Change on Growth, Savings, and Poverty
title_fullStr	On the Impact of Demographic Change on Growth, Savings, and Poverty
title_full_unstemmed	On the Impact of Demographic Change on Growth, Savings, and Poverty
title_sort	on the impact of demographic change on growth, savings, and poverty
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/08/26738377/impact-demographic-change-growth-savings-poverty-capabilities-driving-participation-global-value-chains http://hdl.handle.net/10986/25050
_version_	1764458237663379456

On the Impact of Demographic Change on Growth, Savings, and Poverty

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