Aging populations are becoming common in developed and some developing countries. How do shrinking workforces and rising dependency ratios affect GDP growth, productivity, and government finances? Are there examples where aging economies avoided stagnation?
Do demographic shifts inevitably slow economic growth?
byu/Far_Tumbleweed7835 inAskEconomics
Posted by Far_Tumbleweed7835
1 Comment
Just pure GDP growth, yes. But do we really care that GDP is going up just because we have more people? The closer approximation of average material well-being in regards to GDP is GDP/person. Thats mostly about technology, although shear population levels may have some minor efficiency gains associated with it. Such as, gains from specialization that can happen with larger populations.