Year: 2020
Type: report
Abstract: In many models, economic growth is driven by people discovering new ideas.These models typically assume either a constant or a growing population.However, in high income countries today, fertility is already below its replacement rate: women are having fewer than two children on average.It is a distinct possibility -highlighted in the recent book, "Empty Planet" -that global population will decline rather than stabilize in the long run.What happens to economic growth when population growth turns negative?
DOI: 10.3386/w26651
Author: Charles Jones
Institutions: National Bureau of Economic Research, Stanford University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3000389276