Economic Implications of Demographic Change: Diversity Dividend or Deficit?
The economic implications of demographic change depend on steadfast investments in research and development; replenishment of the human capital stock diminished by retiring Baby Boomers; and raising college attainment rates. This way the United States can leverage its diverse, fast-growing population to harness a demographic dividend—the productivity boost enabled by declining fertility—while also fueling economic growth, restocking the Social Security system, and bolstering global competitiveness.
Keywordsdemographic dividend population diversification generational transition human capital stock
I would like to thank Cara Carpenito for her technical support in preparing the presentation and the manuscript.
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