People, Population Change and Policies : Lessons from the Population Policy Acceptance Study Vol.2: Demographic Knowledge-Gender-Ageing (European Stud <16/> (HAR/CDR)

The h- toric association between demographicand macro-economicvariablessuggests that the projected increase in elderly dependency ratios and the projected decline in the share of the working-age population could result in slower per capita GDP growth, and lower saving and investment (IMF 2004, 147).