Economics and Demography: A Review of the Empirical Literature

Lyuboslav Kostov ()
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Lyuboslav Kostov: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2024, issue 2, 65-75

Abstract: A review of the contemporary empirical literature on the impact of demographics on economic performance is made. From the empirical review, it is clear that demographic processes and productivity are the two most important factors explaining the growth of per capita income. The impact of population growth on economic growth includes both negative and positive aspects, and these effects change over time and are different in the short and long term. An example of a good economic policy is investing in human capital, which would increase labor productivity and help mitigate the negative effects of certain dynamics of demographic indicators.

Keywords: demography; economic growth; human capital (search for similar items in EconPapers)
JEL-codes: J10 J11 J19 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2024:i:2:p:65-75

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