The convergence of population aging: Evidence from OECD countries

Wenwen Kang (), Haixia Pu () and Ying Guo ()
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Wenwen Kang: Chongqing Technology and Business University
Haixia Pu: Chongqing Technology and Business University
Ying Guo: Chongqing Technology and Business University

A chapter in Proceedings of the 2024 International Conference on Applied Economics, Management Science and Social Development (AEMSS 2024), 2024, pp 45-53 from Springer

Abstract: Abstract This study applied the convergence framework to probe the trend in population aging in 38 OECD countries from 1990 to 2020. Also, several social-economic variables were collected as the control factors of population aging convergence. Our results showed that the EPR (share of 65 years and over) gap between OECD countries has narrowed throughout the study period based on sigma-convergence analysis. Further, absolute beta-convergence is revealed, which indicates that the countries with lower levels of EPR have the potential to accelerate the growth compared with those with higher levels of EPR. Moreover, the control variables such as share of health expenditure, disposable income, life expectancy, population size, and education factors can lead to the increase of EPR. Conversely, the increase in the total fertility rate could decrease the EPR.

Keywords: Population aging; convergence; spatial panel analysis; OECD (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-2-38476-257-6_7

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DOI: 10.2991/978-2-38476-257-6_7

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