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Population ageing and its effects on the German economy

By Dirk Ulbricht and Dmitry Chervyakov

Abstract

The latest long-term projection of Germany's population implies a clear trend: even though slight growth is expected over the next decade, a decline in the future is almost inevitable. Furthermore, an ageing society combined with a low fertility rate will lead to massive shrinkage of the working-age population. What are the social and economic consequences of these developments? Is a decline in economic growth unavoidable? We present the results of the long-term population projection and summarize the various effects population ageing may have on Germany

Topics: ddc:330
Publisher: Berlin: Deutsches Institut f\ufcr Wirtschaftsforschung (DIW)
Year: 2015
OAI identifier: oai:econstor.eu:10419/121161
Provided by: EconStor

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