The DOI matches its Crossref record; 48 of the 48 references it cites were found in a registry or an index.
The End of Economic Growth? Unintended Consequences of a Declining Population
Abstract
In many models, economic growth is driven by people discovering new ideas. These models typically assume either a constant or growing population. However, in high income countries today, fertility is already below its replacement rate: women are having fewer than two children on average. It is a distinct possibility that global population will decline rather than stabilize in the long run. In standard models, this has profound implications: rather than continued exponential growth, living standards stagnate for a population that vanishes. Moreover, even the optimal allocation can get trapped in this outcome if there are delays in implementing optimal policy. (JEL I12, J11, J13, O41)
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“Jones (2022) goes one step further and shows that the consequences of entrenched below-replacement fertility are long-run depopulation and economic stagnation.”
From Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences (2024) · cites this paper as Jones 2022
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Cites
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R & D-Based Models of Economic Growth
Jones, C. I. (1995) · Journal of Political Economy · doi:10.1086/262002 · Cited by 3,059
Self-citationGalor, O., & Weil, D. N. (2000) · American Economic Review · doi:10.1257/aer.90.4.806 · Cited by 2,319
Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality
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Research works printed but not linked: 6
- Christiaans Thomas, 2011, Economics Bulletin, 31, 2667
- Grossman, Gene M., and Elhanan Helpman. 1991. Innovation and Growth in the Global Economy. Cambridge, MA: MIT Press.
- Jones, Charles I. 2003. "Population and Ideas: A Theory of Endogenous Growth." In Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps, edited by Philippe Aghion, Roman Frydman, Joseph Stiglitz and Michael Woodford, 498-521. Princeton: Princeton University Press.
- Jones, Charles I. 2022b. "Replication Data for: The End of Economic Growth? Unintended Consequences of a Declining Population." American Economic Association [publisher], Inter-university Consortium for Political and Social Research [distributor]. https://doi.org/10.3886/E176683V1. · DOI
- 10.1016/j.red.2009.12.002 · DOI
- Segerstrom Paul, 1998, American Economic Review, 88, 1290
Cited by
Will the Stork Return to Europe and Japan? Understanding Fertility within Developed Nations
Feyrer, J., Sacerdote, B., & Stern, A. D. (2008) · Journal of Economic Perspectives · doi:10.1257/jep.22.3.3 · Cited by 246
Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences
Bloom, D. E., Kuhn, M., & Prettner, K. (2024) · Annual Review of Economics · doi:10.1146/annurev-economics-081523-013750 · Cited by 64
Long-run consequences of population decline in an economy with exhaustible resources
Mino, K., & Sasaki, H. (2023) · Economic Modelling · doi:10.1016/j.econmod.2023.106212 · Cited by 12
Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences
Bloom, D. E., Kuhn, M., & Prettner, K. (2023) · doi:10.2139/ssrn.4597716 · Cited by 9
Should we be concerned about low fertility? A discussion of six possible arguments
Kravdal, Ø. (2025) · Demographic Research · doi:10.4054/demres.2025.53.14 · Cited by 5
Metadata
- Authors
- Jones, C. I.
- Affiliations
- Stanford University, Graduate School of Business and NBER (email: )
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2022-11-01
- Volume
- 112
- Issue
- 11
- Pages
- 3489-3527
- ISSN
- 0002-8282
- Cited by
- 196
- References
- 48
- Language
- en
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