Economic effects of demographic dividend in Brazilian regions

Diogo Baerlocher, Stephen L. Parente and Eduardo Rios-Neto

The Journal of the Economics of Ageing, 2019, vol. 14, issue C

Abstract: Exploiting heterogeneity across Brazilian micro-regions over the 1970–2000 period, this paper examines whether the demographic dividend extends beyond a pure accounting effect. Using a Sys-GMM approach, it finds evidence that changes in age structure have only pure accounting effects after controlling for human capital. Therefore, in the case of Brazilian micro-regions, there is a second demographic dividend, which is associated with education. This second dividend is the far more important of the two dividends in terms of economic growth. In a counterfactual exercise, we show that the accounting effect is responsible for less that 10% of the income gap between the poorest and richest regions in Brazil.

Keywords: Demographic dividend; Education dividend; Convergence (search for similar items in EconPapers)
JEL-codes: I25 J11 O47 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecag:v:14:y:2019:i:c:s2212828x18301075

DOI: 10.1016/j.jeoa.2019.100198

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