The End of the Demographic Dividend in Latin America: Challenges for Economic and Social Policies

13 Pages Posted: 18 Jun 2020

See all articles by Juan Carlos Berganza

Juan Carlos Berganza

Banco de España

Rodolfo G. Campos

Banco de España

Enrique Martínez Casillas

Banco de España

Javier J. Pérez

Banco de España - Research Department

Date Written: February 13, 2020

Abstract

Population ageing is a major global challenge. The Latin American economies have a younger population structure than other emerging and advanced economies, which has allowed them to enjoy the so-called demographic dividend (a favourable working age/non-working age population ratio). However, according to the latest demographic projections of the United Nations (UN), it is estimated that in 2020 the Latin American population pyramid will resemble that of the advanced economies in 1990 and that, by around 2050, both groups will have similar population profiles. This article documents the current demographic trends in Latin America and discusses the main related challenges, in particular, those arising from the adaptation of social welfare systems to population ageing.

Keywords: demographic dividend, ageing, pension systems, dependency ratio, total factor productivity.

JEL Classification: H55, J11, J26.

Suggested Citation

Berganza, Juan Carlos and Campos, Rodolfo G. and Martínez Casillas, Enrique and Perez, Javier J., The End of the Demographic Dividend in Latin America: Challenges for Economic and Social Policies (February 13, 2020). Banco de Espana Article 4/20, Available at SSRN: https://ssrn.com/abstract=3627357

Juan Carlos Berganza (Contact Author)

Banco de España ( email )

Madrid 28014
Spain
+34913388034 (Phone)
+34913386212 (Fax)

Rodolfo G. Campos

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Enrique Martínez Casillas

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Javier J. Perez

Banco de España - Research Department ( email )

Alcala 50
28014 Madrid
Spain

HOME PAGE: http://www.bde.es/investigador/staff/95.htm

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