The Chinese University of Hong Kong-Tsinghua University Joint Research Center for Chinese Economy 清華大學-香港中文大學中國經濟聯合研究中心 - Demographic Age Structure and Economic Development: Evidence from Chinese Provinces The Chinese University of Hong Kong-Tsinghua University <br/>Joint Research Center for Chinese Economy 清華大學-香港中文大學中國經濟聯合研究中心
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Demographic Age Structure and Economic Development: Evidence from Chinese Provinces
Haifeng Zhang, Hongliang Zhang, Junsen Zhang

In this paper, we examine the economic implications of demographic age structure in the context of regional development in China. We extend the development accounting framework by incorporating age structure and apply it to a panel data set of 28 Chinese provinces. We find that changes in age structure, as reflected by shifts in both the size and internal demographic composition of the working-age population, are significantly correlated with provincial economic growth rates. During our study period 1990–2005, the evolution of age structure accounts for nearly one-fifth of the growth in GDP per capita, of which more than half is attributable to shifts in the internal demographic composition of the working-age population. Differences in age structure across provinces also explain more than one-eighth of the persistent inter-provincial income inequality.

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0006
Demographic Age Structure and Economic Development: Evidence from Chinese Provinces
Haifeng Zhang, Hongliang Zhang, Junsen Zhang

In this paper, we examine the economic implications of demographic age structure in the context of regional development in China. We extend the development accounting framework by incorporating age structure and apply it to a panel data set of 28 Chinese provinces. We find that changes in age structure, as reflected by shifts in both the size and internal demographic composition of the working-age population, are significantly correlated with provincial economic growth rates. During our study period 1990–2005, the evolution of age structure accounts for nearly one-fifth of the growth in GDP per capita, of which more than half is attributable to shifts in the internal demographic composition of the working-age population. Differences in age structure across provinces also explain more than one-eighth of the persistent inter-provincial income inequality.

553