Friday, December 27, 2013

New Normal Demography, Abnormally Low Economic Growth

A New ‘New Normal’ In Demography And Economic Growth - JOI Articles: " . . . In studying past and future demographic trends, we discover that the coming head winds may be more serious and nuanced than previously thought. Our findings show that we'll first experience a strong "demographic tax" as our senior citizen support ratios soar. Until we reach a new—and highly speculative—"steady state," with births equaling deaths and with fertility ratios matching the "replacement rate" of about 2.1, economic growth rates are likely to be abnormally low. . . ."

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New Normal - Google News