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• W3204184476 abstract "China's low fertility is often presented as a major factor which will hinder its prosperity in the medium to long term. This is based on the assumed negative consequences of an increasing old-age dependency ratio: a simplistic measure of relative changing age structures. Based on this view, policies to increase fertility are being proposed after decades of birth restriction policies. Here, we argue that a purely age structure-based reasoning which disregards labor force participation and education attainment may be highly misleading. While fertility has indeed fallen to low levels, human capital accumulation has been very strong-especially among younger cohorts. Factoring in the effects of labor force participation and educational attainment on productivity, a measure called productivity-weighted labor force dependency ratio can more accurately capture the economic implications of demographic change. When using this ratio, a much more optimistic picture of the economic (and social) future of China can be envisaged." @default.
• W3204184476 created "2021-10-11" @default.
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• W3204184476 date "2021-09-27" @default.
• W3204184476 modified "2023-10-10" @default.
• W3204184476 title "China's low fertility may not hinder future prosperity" @default.
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• W3204184476 doi "https://doi.org/10.1073/pnas.2108900118" @default.
• W3204184476 hasPubMedCentralId "https://www.ncbi.nlm.nih.gov/pmc/articles/8501780" @default.
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