No. of pages: 73
Publication date: 2014
Author: The National Planning Authority
Publisher: The National Planning Authority
The demographic dividend refers to accelerated economic growth that arises when the birth rate declines rapidly and the ratio of working-age adults significantly increases relative to dependents. This change can accelerate economic growth through increased productivity of the 'excess' labour force if the economy generates enough high-quality jobs, greater household savings and lower costs for basic social services provided to a young people.