Demographic dividend, as defined by the united nations population fund unfpa means. Demographic dividend, as defined by the united nations population fund unfpa means, the economic growth potential that can result from shifts in a populations age structure, mainly when the share of. Demography is the statistical study of human populations. It includes the study of the size, structure, and distributions of different populations and changes in them in response to birth, migration, aging, and. The challenge of attaining the demographic dividend. Because demographic dividends lead to rapidly growing economies, population aging can contribute to changing influences in the global economy. The demographic dividend is the potential growth in a countrys economy resulting from a change in.
A growing desire for small families means that the baby boom is followed by a baby. Demographic dividend unfpa united nations population fund. Impact of demographic dividend on the economy of developed and developing countries h. Dividend investing, dividend growth investing, newsletter provider, contrarian contrarian outlook friday morning, i had the fortunate opportunity to speak with demographic trend expert and. Pdf this paper revisits demographic dividend issues after almost two decades of debate. So, lets examine the 8 most commonly used demographic. According to the united nations population fund unfp. The demographic transition and the demographic dividend the relationship between population change and economic growth has taken on added salience in recent years because of. Creating and capitalizing on the demographic dividend for africa. Realizing the demographic dividend the demographic dividend is the accelerated economic growth that may result from a rapid decline in a countrys fertility and the subsequent change in the. A large share of resources is needed by a relatively less productive segment of the population, which likewise can inhibit economic growth. Tsui, and participants at a demographic dividend modeling seminar at the world bank in july 20. Demographic dividend is a situation when a country has the potential for tremendous economic growth due to the change in the population.
The dividend will vary across countries, depending on such factors as the initial working age. Understanding demographic dividend linkedin slideshare. First of all, i would like to be short and specific to your question. With fewer births each year, a countrys young dependent population declines in relation to the workingage population. A demographic dividend is the accelerated economic growth that can result from improved reproductive health, a rapid decline in fertility, and the subsequent shift in population age structure. Thus, the demographic dividend in india needs to be exploited not only to expand the production possibility frontier but also to meet the skilled manpower requirements of in india and abroad. Creating and capitalizing on the demographic dividend for. Glossary demographic terms and concepts iiepunesco. Harry dents outlook on demographics, debt and deflation. We quantify the potential demographic dividend based on the experience of other regions. For example, figure 6 illustrates the difference between nigeria, which has. Next, we offer a brief introduction to the nta methodology and a summary of the key age profiles of consumption and labour.
Ireland also provides a recent example of the demographic dividend and. Economic support ratios and the demographic dividend in. Industrial countries have largely completed what is called the demographic transitionthe transition from a largely rural agrarian. Africa has the demography for dividends, but will it get the policy right. Demographics is the study of a population based on factors such as age, race and sex, among others. This paper was prepared by andrew mason, ronald lee, michael abrigo and. Organizations can share their collective and individual contributions to the research literature and base of policy communication materials on the demographic dividend by emailing either a link or a pdf file.
Mariama zachary and akua azaiz tend to cocoa beans on a drying table. Second, we investigate econometrically whether the demographic dividend3 supported regional convergence over this period. Demographic dividend is a phenomenon which occurs when the proportion of working population out of the total population is high. This work is licensed under a creative commons attribution. Achieving a demographic dividend requires that each country. Governments, corporations and nongovernment organizations use demographics to. The demographic dividend is the economic growth potential that can result from shifts in a populations age structure, mainly when the share of the workingage population 15 to 64 is larger than the non. The demographic dividend is the accelerated economic growth that may result from a decline in a countrys birth and death rates and the subsequent change in the age structure of the population. Stan becker, phd bloomberg school of public health. Pdf is the demographic dividend an education dividend. The demographic dividend is the economic growth potential that can result from shifts in a population s age structure, mainly when the share of the workingage population 15 to 64 is larger than the nonworkingage share of the population 14 and younger, and 65 and older. For example, female education is consistently linked to delayed childbearing.
The realization of all of these components could result in a new third demographic dividend, adding to the wealth accumulation of the second demographic dividend. After tracing the history of theories of the effects of population. Demographic dividend occurs when the proportion of working people in the total population is high because this indicates that more people have the potential to be productive and. In recent years, the demographic dividend has garnered enormous traction in african. The demographic dividend is a clear opportunity to demonstrate how population changes motivated by fp policies and programs amplify the impact of other necessary development initiatives in. Demographic dividend in phase 3 of a countrys development, the dividend starts disappearing. The demographic dividend is the name given by harvard economists david bloom and david canning to the boost in economic growth that can result from changes in a countrys population age structure.
The relationship between population growth and development has been viewed recently from the perspective of agestructural transition leading to the euphoria of demographic dividend for many. Understanding the demographic dividend policy project. Africa has the demography for dividends, but will it get. In addition to demographic questions, weve identified 7 other types of survey questions that will get you all the data you need. Pdf demographic transition, demographic dividend and economic. Demographic dividend means when working age population usually taking in general terms 1855 years of age is higher than that of non.
Fertility decline leads to a substantial, sustained, but ultimately transitory, rise in the number of. Pdf changes in age structure that results from demographic. That makes for faster economic growth and fewer burdens on families. Demography is the study of the size, territorial distribution, and composition of population, changes. The accumulated demographic dividend between 1951 and 1969 was 5. The demographic dividend is the accelerated socioeconomic growth that can arise when a population has a relatively large proportion of workingage people coupled with effective human capital investment. Anulawathie menike, department of economics, university of kelaniya abstract there is a close. Health, and environment at prb, who developed an earlier version of this brief. The demographic dividend is the accelerated economic growth that may result from a decline in a countrys mortality and fertility and the subsequent change in the age structure of the. In simple terms, the demographic dividend is the economic growth that may result from changes to a countrys age structure, due to the shift from people living short lives and having large families to living long lives and having small families.
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