Data and Code for: "The End of Economic Growth? Unintended Consequences of a Declining Population"
Principal Investigator(s): View help for Principal Investigator(s) Charles I. Jones, Stanford University, Graduate School of Business
Version: View help for Version V1
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Project Citation:
Project Description
ABSTRACT: In many models, economic growth is driven by people discovering new ideas. These models typically assume either a constant or 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 that global population will decline rather than stabilize in the long run. In standard models, this has profound implications: rather than continued exponential growth, living standards stagnate for a population that vanishes. Moreover, even the optimal allocation can get trapped in this outcome if there are delays in implementing optimal policy.
Scope of Project
J11 Demographic Trends, Macroeconomic Effects, and Forecasts
O40 Economic Growth and Aggregate Productivity: General
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