Is low fertility really a problem? Population aging, dependency, and consumption

dc.contributor.authorSeçkin, Aylin
dc.date.accessioned2021-06-16T07:20:27Z
dc.date.available2021-06-16T07:20:27Z
dc.date.issued2014-10-10
dc.description.abstractLonger lives and fertility far below the replacement level of 2.1 births per woman are leading to rapid population aging in many countries. Many observers are concerned that aging will adversely affect public finances and standards of living. Analysis of newly available National Transfer Accounts data for 40 countries shows that fertility well above replacement would typically be most beneficial for government budgets. However, fertility near replacement would be most beneficial for standards of living when the analysis includes the effects of age structure on families as well as governments. And fertility below replacement would maximize per capita consumption when the cost of providing capital for a growing labor force is taken into account. Although low fertility will indeed challenge government programs and very low fertility undermines living standards, we find that moderately low fertility and population decline favor the broader material standard of living. Copyright 2014 by the American Association for the Advancement of Science; all rights reserved.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.1126/science.1250542en_US
dc.identifier.issn0036-8075
dc.identifier.pmid25301626en_US
dc.identifier.scopus2-s2.0-84907814963en_US
dc.identifier.urihttps://hdl.handle.net/11411/3769
dc.identifier.urihttps://doi.org/10.1126/science.1250542
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.issue6206en_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors20+en_US
dc.pages229 - 234en_US
dc.publisherAmerican Association for the Advancement of Scienceen_US
dc.relation.ispartofScienceen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectAge Factorsen_US
dc.subjectAging; Birth Rateen_US
dc.subjectEconomicsen_US
dc.subjectFemaleen_US
dc.subjectFertilityen_US
dc.subjectHumansen_US
dc.subjectIncomeen_US
dc.subjectIncome Taxen_US
dc.subjectPopulation Growthen_US
dc.subjectSocioeconomic Factorsen_US
dc.subjectageen_US
dc.subjectagingen_US
dc.subjectarticleen_US
dc.subjectbirth rateen_US
dc.subjecteconomicsen_US
dc.subjectfemaleen_US
dc.subjectfertilityen_US
dc.subjecthumanen_US
dc.subjectincomeen_US
dc.subjectpopulation growthen_US
dc.subjectsocioeconomicsen_US
dc.subjecttaxen_US
dc.titleIs low fertility really a problem? Population aging, dependency, and consumptionen_US
dc.typeArticleen_US
dc.volume346en_US

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