Aging and Economic Opportunities: Major World Regions Around the Turn of the Century

IDB-OCE Working Paper

58 Pages Posted: 25 Apr 2000

See all articles by Jere Behrman

Jere Behrman

University of Pennsylvania - Department of Economics

Suzanne Duryea

Inter-American Development Bank (IDB)

Miguel Szekely

Independent

Multiple version iconThere are 2 versions of this paper

Date Written: September 1999

Abstract

This paper presents new evidence for major world regions and for the most populous countries in each region on associations between the average ages of populations and three groups of economic outcomes: (1) macroeconomic aggregates (domestic saving as a share of GDP, GDP per capita, capital per worker and tax revenue as a share of GDP); (2) governmental expenditures on education and health; and (3) social indicators (inequality, unemployment, homicide rates, and schooling progression rates). The results suggest that the variables considered follow clear age-related patterns, that the patterns differ by regions, and that the patterns differ with different policy regimes related to trade openness, domestic financial market deepening and macroeconomic volatility. The evidence is consistent with the possibility that some age structure shifts can provide favorable conditions for development. Apparently regions such as East Asia in recent decades have been able to benefit from this demographic opportunity. However, in others such as Latin America and the Caribbean - which is at the verge of experiencing the largest age structure shifts in the coming decades - creating an adequate economic environment to translate the opportunity into higher living standards for its population is a major challenge.

JEL Classification: J11, J14, O11

Suggested Citation

Behrman, Jere R. and Duryea, Suzanne and Szekely, Miguel, Aging and Economic Opportunities: Major World Regions Around the Turn of the Century (September 1999). IDB-OCE Working Paper. Available at SSRN: https://ssrn.com/abstract=223584 or http://dx.doi.org/10.2139/ssrn.223584

Jere R. Behrman

University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-7704 (Phone)
215-573-2057 (Fax)

Suzanne Duryea

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue, NW
Research Department
Washington, DC 20577
United States

Miguel Szekely (Contact Author)

Independent

No Address Available
United States

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