A New 'New Normal' in Demography and Economic Growth
Journal of Indexes, September/October 2013
Posted: 8 Feb 2017
Date Written: September 1, 2013
In this paper, we show that the historically unmatched economic performance experienced by developed countries over the past 60 years was supported by temporary and abnormal demographic conditions: extraordinary growth in the working-age population supporting both a plunging roster of young people as well as a still-modest roster of senior citizens. In other words, we have experienced a one-off demographic dividend of massive proportions.
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