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ABSTRACT
Based on a sample of 126 countries over the period of 1970 to 2019 and 5-year non-overlapping growth regressions, this study has found the existence of an inverted U-shaped ageing population Kuznets curve. The threshold levels below (above) which ageing population potentially promotes (hampers) economic and productivity growth are estimated. While the results signal the growing pressure of ageing population on economic/productivity growth, the impact is more pronounced on labour productivity growth and only for advanced economies. Our findings remain robust to alternative proxies of ageing population and longer period (10- and 15-year) non-overlapping growth regressions.
Acknowledgements
We would like to thank the editor and two anonymous reviewers for their invaluable suggestions that substantially improved the quality of this study. The usual disclaimer applies.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Supplementary material
Supplemental data for this article can be accessed online at https://doi.org/10.1080/13504851.2024.2336179
Notes
1 Using the lag of real GDP per capita instead yields similar results that are available from the authors upon request.