Can Sri Lanka Stay Ahead of India in the Face of Population Ageing?. Issue 3 (December 2019)
- Record Type:
- Journal Article
- Title:
- Can Sri Lanka Stay Ahead of India in the Face of Population Ageing?. Issue 3 (December 2019)
- Main Title:
- Can Sri Lanka Stay Ahead of India in the Face of Population Ageing?
- Authors:
- Guest, Ross
Bandaralage, Jay - Abstract:
- This paper examines the potential for population ageing in Sri Lanka to allow India to close the gap in the living standards with Sri Lanka over the coming decades. The working-age population in Sri Lanka is currently about 7 per cent higher than in India, but it will be 8 per cent lower by 2050. The reason is that Sri Lanka's demographic transition to lower fertility rates began earlier and has been steeper than in India. Potential demographic dividends from slowing employment growth and changing age distribution of the workforce are likely to further close the gap in living standards between the two countries. The calculations here suggest the gap could be closed by, between 16 and 25 per cent from 2015 to 2050 due to demographic change. In addition, despite its higher share of middle-aged workers, Sri Lanka has in recent times had a lower saving and investment share of GDP than India and a higher consumption share, which will also tend to allow India to close the gap. This paper attempts to quantify these demographic and macroeconomic effects, and considers policy options for Sri Lanka.
- Is Part Of:
- Indian economic journal. Volume 67:Issue 3/4(2019)
- Journal:
- Indian economic journal
- Issue:
- Volume 67:Issue 3/4(2019)
- Issue Display:
- Volume 67, Issue 3/4 (2019)
- Year:
- 2019
- Volume:
- 67
- Issue:
- 3/4
- Issue Sort Value:
- 2019-0067-NaN-0000
- Page Start:
- 350
- Page End:
- 361
- Publication Date:
- 2019-12
- Subjects:
- Economic development -- demographic transition -- population ageing
Economics -- Periodicals
India -- Economic conditions -- Periodicals
Economics
Economic history
India
Periodicals
330.5 - Journal URLs:
- http://iej.sagepub.com/ ↗
http://www.uk.sagepub.com/home.nav ↗ - DOI:
- 10.1177/0019466220956253 ↗
- Languages:
- English
- ISSNs:
- 0019-4662
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 14736.xml