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Demographic dividend, as defined by the United Nations Population Fund (UNFPA), is "the economic growth potential that can result from shifts in a population’s age structure, mainly when the share of the working-age population (15 to 64) is larger than the non-working-age share of the population (14 and younger, and 65 and older)". [1]
The population is divided into three groups: Ages 0 to 14 years: children. Ages 15 to 64 years: working population or adults. Over the age of 65: elderly, senior citizens. The age structure of a country has a strong impact on society and the economy. If the proportion of 0–14-year-olds is very high, there may be a so-called youth bulge. If ...
Population distribution by age and sex for Angola in 2005. A population pyramid (age structure diagram) or "age-sex pyramid" is a graphical illustration of the distribution of a population (typically that of a country or region of the world) by age groups and sex; it typically takes the shape of a pyramid when the population is growing. [1]
It is the only index associated with the age distribution of a population. [1] Currently, the median age ranges from a low of about 18 or less in most Least Developed countries to 40 or more in most European countries, Canada, Cuba, Hong Kong, Japan, South Korea, Taiwan, and Thailand.
Proceedings of the United Nations Expert Meeting on World Population to 2300; Bloom, David E., David Canning and Jaypee Sevilla (2003)- The Demographic Dividend: A New Perspective on the Economic Consequences of Population Change. A CICRED Policy Paper on implications of age structural transitions
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The demographic dividend refers to the beneficial impact of a decline in fertility rate on a country's population age structure and economic growth. [26] The older workers would spend more time on work and human capital of an ageing workforce is low, reducing labor productivity. [27]
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