Population Aging, Silver Dividend, and Economic Growth

The authors investigate the channels through which population aging affects economic growth using panel data from 166 economies. They find that lower total factor productivity growth is the main mechanism through which population aging harms economic growth. Labor shortages caused by aging are mostly offset by higher labor force participation rates among older people.

  • Introduction
  • Empirical Specification and Data
  • Empirical Findings
  • Conclusion

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Source URL: https://www.adb.org/publications/population-aging-silver-dividend-economic-growth