The End of Economic Growth? Unintended Consequences of a Declining Population / Charles I. Jones.
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Item type | Home library | Collection | Call number | Status | Date due | Barcode | Item holds | |
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Working Paper | Biblioteca Digital | Colección NBER | nber w26651 (Browse shelf(Opens below)) | Not For Loan |
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?
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