Long-term Population Projections: Scenarios of Low or Rebounding Fertility

24 Pages Posted: 9 Aug 2023 Last revised: 12 Sep 2023

See all articles by Dean Spears

Dean Spears

University of Texas at Austin; Economics and Planning Unit, ISI-Delhi; r.i.c.e.; IZA Institute of Labor Economics

Sangita Vyas

Hunter College (CUNY)

Gage Weston

University of Texas at Austin

Michael Geruso

University of Texas at Austin; National Bureau of Economic Research (NBER)

Date Written: September 1, 2023

Abstract

The size of the human population is projected to peak in the 21st century. But quantitative projections past 2100 are rare, and none quantify the possibility of a rebound from low fertility to replacement-level fertility. Moreover, the most recent long-term deterministic projections were published a decade ago; since then there has been further global fertility decline. Here we provide updated long-term cohort-component population projections and extend the set of scenarios in the literature to include scenarios in which future fertility (a) stays below replacement or (b) recovers and increases. We also characterize old-age dependency ratios. We show that any stable, long-run size of the world population would persistently depend on when an increase towards replacement fertility begins. Without such an increase, the 400-year span when more than 2 billion people were alive would be a brief spike in history. Indeed, four-fifths of all births---past, present, and future---would have already happened.

Keywords: low fertility, depopulation, projections

Suggested Citation

Spears, Dean and Vyas, Sangita and Weston, Gage and Geruso, Michael, Long-term Population Projections: Scenarios of Low or Rebounding Fertility (September 1, 2023). Available at SSRN: https://ssrn.com/abstract=4534047 or http://dx.doi.org/10.2139/ssrn.4534047

Dean Spears (Contact Author)

University of Texas at Austin ( email )

Austin, TX 78712
United States

Economics and Planning Unit, ISI-Delhi ( email )

7 S .J. S.
Sansanwal Marg
New Delhi, 110016
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r.i.c.e.

New Delhi
India

HOME PAGE: http://www.riceinstitute.org

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Sangita Vyas

Hunter College (CUNY) ( email )

695 Park Avenue
New York, NY 10065
United States

Gage Weston

University of Texas at Austin ( email )

2317 Speedway
Austin, TX Texas 78712
United States

Michael Geruso

University of Texas at Austin ( email )

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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