The Impact of Demographic and Economic Change on the Australian Generational Economy: Financial Sustainability, Intergenerational Inequality, and Material Living Standards

Article Demography

Six Ways Population Change Will Affect the Global Economy

Andrew Mason et al.

Summary: New estimates suggest that global GDP growth may slow by about 1 percentage point per year, with a stronger decline than population growth. GDP will shift towards sub-Saharan Africa more than population trends suggest. The changing population age distribution will have significant implications for living standards, public debt, and private assets in both lower-income and higher-income countries.

POPULATION AND DEVELOPMENT REVIEW (2022)

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Article Demography

Will the COVID-19 pandemic affect population ageing in Australia?

Tom Wilson et al.

Summary: This paper examines the possible effects of COVID-19 on Australia's demography over the next two decades, with a focus on population ageing. The projections show that the pandemic will likely have little impact on numerical population ageing but moderate effects on structural ageing. However, there is considerable uncertainty surrounding the future trajectory of COVID-19.

JOURNAL OF POPULATION RESEARCH (2022)

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Article Demography

Intergenerational inequality and the intergenerational state

James Mahmud Rice et al.

Summary: Intergenerational inequality is a central feature of human societies, with institutions like the state playing a role in shaping this inequality. This article introduces a new measure of intergenerational inequality (IGI index) and examines the impact of public transfers on income inequality between generations. The findings suggest that there is significant income disparity between different generations, with the state generally favoring later generations and exacerbating intergenerational inequality.

JOURNAL OF POPULATION RESEARCH (2021)

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Article Demography