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The Implications of Population Aging for Economic Growth a Regional Comparative Study

By Paige Muggeridge

I use a reduced form regression model to determine the extent to which population aging accounts for economic growth in each of the nine regions of the world. Predominantly, I build upon the research of Bloom et al. (2010), which is central to formulating my regression equation. I separate the difference between each region’s average growth rate from the world average growth rate into demographic and non-demographic effects using the estimated coefficients. The results suggest that more economically developed regions have potentially benefited from population aging, while less economically developed regions have not.

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Advisor: Craig Burnside | Tagged: Economic Growth, Economic Policy, Labor-force Participation, Life Expectancy, Population Aging, Retirement Age

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