TY  - BOOK
AU  - Bloom,David E.
AU  - Canning,David
ED  - National Bureau of Economic Research.
TI  - Global Demographic Change: Dimensions and Economic Significance 
T2  - NBER working paper series
PY  - 2004///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - October 2004; Hardcopy version available to institutional subscribers
N2  - Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while rising longevity has perhaps increased both the incentive to invest in education and to save for retirement. We present estimates of a model of economic growth that highlights the positive effects of demographic change during 1960-95. We also show how Ireland benefited from lower fertility in the form of higher labor supply per capita and how Taiwan benefited through increased savings rates. We emphasize, however, that the realization of the potential benefits associated with the demographic transition appears to be dependent on institutions and policies, requiring the productive employment of the potential workers and savings the transition generates. Economic projections based on an "accounting" approach that assumes constant age-specific behavior are likely to be seriously misleading
UR  - https://www.nber.org/papers/w10817
UR  - http://dx.doi.org/10.3386/w10817
ER  -