The working age population is expected to grow faster in the Middle East than in any other region in the world between now and 2015—rising annually by 2.7 percent, or 10 million people. This demographic explosion presents the region with a major challenge in terms of providing jobs, incomes,...

Identifying factors that influence the pace of national economic growth is a time-worn activity of economists. Strangely, demographic change has often been absent from consideration. But new thinking and evidence have highlighted the powerful contribution that demographic change can make to...

Within the next decades unprecedented demographic changes (ageing and population decrease) will impact on most developed and with delay developing nations. The resulting changes in age structure and geographical distribution are expected to cause substantial adjustments. We present an analysis...

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data over 1961-2018 for a panel of 90 advanced and emerging economies. We find that increases in both the young and old population shares have significant negative effects on labor...

Pressure from abroad to revalue China’s currency appears to associate its rapid economic growth with the likelihood of a real appreciation. In a world of open economies and differentiated traded goods, however, development-related productivity and endowment growth shocks tend to cause real...