The Demographic Transition and Labour Supply

Fang Cai ()
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Fang Cai: Chinese Academy of Social Sciences

Chapter Chapter 6 in Understanding China's Economy, 2021, pp 99-111 from Springer

Abstract: Abstract This chapter will attempt to show the concurrence between the demographic transition and the development of the dual economy from a theoretical perspective, for both share the same starting point and have related and similar stages, and have equivalent change processes. It will then employ empirical data, such as the results of demographic forecast, to expound and examine statements on the gradual disappearance of the demographic dividend and the arrival of the Lewis turning point. This chapter also points out that maintaining sustained, stable economic growth and joining the ranks of high income countries at the earliest opportunity, is the key, and only way, to reduce the ‘old before rich’ gap.

Keywords: China’s demographic transition; Dual economy; Labour supply and demand; Labour shortages; Old before rich (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-6322-9_6

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DOI: 10.1007/978-981-33-6322-9_6

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