Do falling birth rates boost per capita income?

Short summary

Marginal Revolution research challenges the assumption that declining birth rates harm economic growth, finding instead that lower fertility correlates with higher GDP per working-age adult. Demographic shifts reshape labor markets and macroeconomic fundamentals globally.

• •Lower birth rates correlate with higher per capita GDP growth
• •Contradicts widespread expectation that demographic decline hampers economy
• •Aging populations reshape labor markets and macroeconomic structure

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