20min chapter

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How does Low Fertility Affect Economic Growth, Worldwide? Jesús Fernández-Villaverde

ROCKING OUR PRIORS

CHAPTER

Demographic Dynamics and Economic Implications

This chapter explores the significant effects of declining fertility rates on economic growth and population structures, questioning the reliability of United Nations demographic forecasts. It analyzes discrepancies between reported birth statistics and actual fertility rates, particularly in regions like Africa and Latin America, while reflecting on their potential impacts on immigration and economic stability. The discussion emphasizes the urgent need for accurate demographic projections to prepare for the social and economic consequences of these trends.

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