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Africa Rising: Harnessing the Demographic Dividend
Author:
Mr. Paulo Drummond
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Mr. Vimal V Thakoor
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Shu Yu null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 143
Language:
English
Publication Date:
05 Aug 2014
DOI:
https://doi.org/10.5089/9781498379878.001
ISBN:
9781498379878
ISSN:
1018-5941
Pages:
22
Keywords:
WP; age population; real GDP; Demographic Dividend; Economic Growth; Sub-Saharan Africa; Panel Estimates; age share; share matter; GDP growth; working age share; estimation result; Aging; Labor force participation; Demographic change; Africa; Asia and Pacific; North America; Northern Europe
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We quantify the potential demographic dividend based on the experience of other regions. The dividend will vary across countries, depending on such factors as the initial working age population as well as the speed and magnitude of demographic transition. It will be critical to ensure that the right supportive policies, including those fostering human capital accumulation and job creation, are in place to translate this opportunity into concrete economic growth.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund