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There is long-standing debate on how population growth affects national economies. A new report from Population Matters examines the history of this debate and synthesizes current research on the topic. The authors, led by Harvard economist David Bloom, conclude that population age structure, more than size or growth per se, affects economic development, and that reducing high fertility can create opportunities for economic growth if the right kinds of educational, health, and labor-market policies are in place. The report also examines specific regions of the world and how their differing policy environments have affected the relationship between population change and economic development.
The Economic Consequences of Slowing Population Growth is a collection of papers dealing with the economic implications of a sustained low fertility rate on an industrialized country. The book reviews the situation prevailing in the United States including the country's demographic trends and prospects. The text also presents the uncertainties, the unknown, and the known economic consequences of low fertility as analyzed from previous generations. One paper examines the lessons that can be learned from a zero population growth in Europe by comparing theory and reality. This paper expounds on the social and economic effects while transitioning to a zero growth rate. Other papers examine the inter-relationships between unemployment, inflation, and economic policy. These papers also give recommendations to cut unemployment levels without causing inflation in the process. Other papers discuss social security and other needs of an aging population. One paper examines rising concerns over population movements in times of slower U.S. population growth; the author cites data reflecting migration trends and population declines in several metropolitan areas. The text can prove useful for sociologists, social workers, public health services officers, and public economists.
From Malthus to Becker, the economic approach to population growth and its interactions with the surrounding economic environment has undergone a major transformation. Population Economicselucidates the theory behind this shift and the consequences for economic policy. Razin and Sadka systematically examine the microeconomic implications of people's decisions about how many children to have and how to provide for them on population trends and social issues of population policy. The authors analyze how these decisions affect labor supply, consumption, savings and bequests, investments in human capital, and economic growth, along with related new issues such as migration and income redistribution across generations, in an integrated microeconomic framework. Population Economicsis a thoroughly modern treatment of population economics as a field in public economics. It integrates and extends Marc Nerlove's Household and Economy: Welfare Economics of Endogenous Fertility, as well as work written jointly with colleagues that has appeared in various journals and other publications.