Consumption and labour income over the life cycle in Mali: A National Transfer Accounts approach

The paper analyses the consumption and production behaviour of the Mali’s population by age using the National Transfer Account approach and household surveys and macroeconomic data. It reveals that between the ages of 28 and 66, Malians generate a surplus of 1,620 billion XOF in 2017. This surplus covers only 46% of the social demand of those under 28 and over 66. Women are in deficit over their life cycle, in other words, their level of consumption remains higher than their level of labour income, given their late entry into the labour market. While women consume as much as men over part of the life cycle, they produce 22% of labour income. The results also show that in Mali the level of material well-being measured by consumption declines with age

Six Ways Population Change Will Affect the Global Economy

New estimates of economic flows by age combined with population projections show that in the coming decades (1) global GDP growth could be slower by about 1 percentage point per year, declining more sharply than population growth; (2) GDP will shift toward sub-Saharan Africa more than population trends suggest; (3) living standards of working-age adults may be squeezed by high spending on children and seniors; (4) changing population age distribution will raise living standards in many lower-income nations; (5) changing economic life cycles will amplify the economic effects of population aging in many higher income economies; and (6) population aging will likely push public debt, private assets, and perhaps productivity higher. Population change will have profound implications for national, regional, and global economies