We are pleased to announce a new blog post on the SUARA SEACEN Blog:
Global population is aging but a silver dividend may be the silver lining
by Donghyun Park and Kwanho Shin
Population aging is widely viewed as detrimental to economic growth. However, greater labor force participation by the elderly points to a potential silver dividend, which can mitigate the adverse impact. New cross-country analysis empirically supports the presence of a sizable silver dividend. However, this gain is outweighed by the negative effect of population aging on productivity, which results in a negative overall effect on economic growth. Therefore, to sustain growth in the face of demographic transition, countries must improve productivity as well as working environment for older workers.
Featuring guest contributor Kwanho Shin, Professor at the Department of Economics, Korea University.
Click here to read.
