The importance of being mature: the effect of demographic maturation on global per capita GDP

@article{Gmez2006TheIO,
  title={The importance of being mature: the effect of demographic maturation on global per capita GDP},
  author={Rafael G{\'o}mez and Pablo Hern{\'a}ndez de Cos},
  journal={Journal of Population Economics},
  year={2006},
  volume={21},
  pages={589-608}
}
Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper, we measure the economic importance of age structure variation for the global economy. We find that demographic maturation has been associated with nearly half of the evolution of global per capita GDP since 1960. We also find that age structure… 
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