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The End of Economic Growth? Unintended Consequences of a Declining Population / Charles I. Jones.

By: Contributor(s): Material type: TextTextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w26651.Publication details: Cambridge, Mass. National Bureau of Economic Research 2020.Description: 1 online resource: illustrations (black and white)Subject(s): Online resources: Available additional physical forms:
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Abstract: In many models, economic growth is driven by people discovering new ideas. These models typically assume either a constant or a growing population. However, in high income countries today, fertility is already below its replacement rate: women are having fewer than two children on average. It is a distinct possibility -- highlighted in the recent book, "Empty Planet" -- that global population will decline rather than stabilize in the long run. What happens to economic growth when population growth turns negative?
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Working Paper Biblioteca Digital Colección NBER nber w26651 (Browse shelf(Opens below)) Not For Loan
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January 2020.

In many models, economic growth is driven by people discovering new ideas. These models typically assume either a constant or a growing population. However, in high income countries today, fertility is already below its replacement rate: women are having fewer than two children on average. It is a distinct possibility -- highlighted in the recent book, "Empty Planet" -- that global population will decline rather than stabilize in the long run. What happens to economic growth when population growth turns negative?

Hardcopy version available to institutional subscribers

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