Chicago Johannesburg London Portland Princeton San Francisco Stamford Tokyo Toronto WashingtonBoston Meeting: Van Harlow on Demographic Changes and Economic Growth
Tuesday, February 19, 2008 - 6:15pm
3rd Floor of the Tennis & Racquet Club, 939 Boylston Street [call 617-536-4630 for directions]
Demographic Changes and Economic Growth
Using an extensive population database developed by the United Nations, this study examines the historical and projected age structures of a large number of countries. More importantly, it explores the links of country-specific demographic characteristics to the intertemporal and cross-sectional performance of asset markets and economies. Significant relationships are found between various determinants of age structure and changes in age structure and future economic growth. Based on these relationships, forecasts of economic growth are developed for 42 countries using medium-variant projections of long-term fertility rates and child mortality.
Using an extensive population database developed by the United Nations, this study examines the historical and projected age structures of a large number of countries. More importantly, it explores the links of country-specific demographic characteristics to the intertemporal and cross-sectional performance of asset markets and economies. Significant relationships are found between various determinants of age structure and changes in age structure and future economic growth. Based on these relationships, forecasts of economic growth are developed for 42 countries using medium-variant projections of long-term fertility rates and child mortality.
