Conference Paper

Demographic shocks and global factor flows: discussion

Abstract: In this intriguing paper, Jeffrey Williamson emphasizes that changes in the age distribution of the population (especially the share of young adults, the dependency ratio, and the like) are often much more important than changes in population growth rates in explaining the magnitude and direction of global factor flows. He also stresses that the transition period that follows a demographic change (such as lower fertility or lower mortality) is usually very long: a century or even longer.

Status: Published in Seismic shifts: the economic impact of demographic change

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Conference Series ; [Proceedings]

Publication Date: 2001

Volume: 46