Change search
ReferencesLink to record
Permanent link

Direct link
European Union economic growth and the age structure of the population
Institutet för framtidsstudier.
Stockholm University. Stockholm University, Faculty of Social Sciences, Department of Human Geography.
2009 (English)In: Economic Change and Restructuring, ISSN 1573-9414, E-ISSN 1574-0277, Vol. 42, no 3, 159-187 p.Article in journal (Refereed) Published
Abstract [en]

We test the robustness of correlations between age structure and eco- nomic growth in EU15 countries by replicating a previous OECD study. A hump- shaped relation with the age structure is confirmed where increases in the dependent age group shares are associated with decreasing GDP growth rates. In addition we confirm that the peak of the hump is in the upper part of the working age population. Models estimated on data up to 1990 agree quite well when data for 15 more years are added. Sensitivity tests, instrumented regressions and addition of control vari- ables do not change this conclusion. Thus, the age profile of correlations between age and economic growth is robust over time. This motivates a prospective analysis of future effects ageing will have on EU growth. The basic conclusion from this exercise is that ageing will be accompanied by stagnation in GDP growth, but at rather different time horizons.

Place, publisher, year, edition, pages
2009. Vol. 42, no 3, 159-187 p.
Keyword [en]
Demography and growth Ageing populations Europe
URN: urn:nbn:se:su:diva-36002DOI: 10.1007/s10644-008-9057-1OAI: diva2:288510
Available from: 2010-01-21 Created: 2010-01-21 Last updated: 2010-12-02Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Malmberg, Bo
By organisation
Stockholm UniversityDepartment of Human Geography
In the same journal
Economic Change and Restructuring

Search outside of DiVA

GoogleGoogle Scholar
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Altmetric score

Total: 27 hits
ReferencesLink to record
Permanent link

Direct link