Date of Award


Degree Name

Master of Science



First Advisor

Watts, Alison


This paper presents a time-series model, analyzing the relationship between age structure and economic performance in developed countries, using age demographic growth rates as a measure of changes in age structure, and the growth rate of output per capita for economic growth. The results show the growth rate of output per capita has a positive relationship with the working age demographic, and negative relationships with the young and elderly population growth rates. The dataset used is retrieved from the databases of the OECD and the World Bank and includes 32 countries during the period of 1970-2020. The analysis includes a traditional time-series model, a country fixed effect model, a time-fixed effect model, with results for 1970-2020, and each decade separately. Based on the results, countries that have the highest working age population growth rate have the most economic growth, especially in periods where negative effects of the dependent age demographics are minimized.




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