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Demographic Change in Uruguay

Economic Opportunities and Challenges

Bibliographic Data

ID19912679
AuthorsRafael Rofman (0000-0001-8291-2836), Amarante (0000-0003-3642-7009), Verónica Amarante, Ignacio Apella
Year2016
Pages322
Publication date2016-05-26
Open AccessNo
TypeBOOK
VenueDemographic Change in Uruguay (SOURCE_BOOK)
PublisherWashington, DC: World Bank (PUBLISHER)
DOI10.1596/978-1-4648-0844-9
OpenAlexW2404941967
Open LibraryOL37259336M
ISBN9781464808449
LanguageEN
Citations received4

Uruguay’s population is slowly aging, driven by the demographic transition that started early in the \n20th century. While this reflects significant improvements in mortality and fertility trends, it also creates \nimportant challenges for the fiscal sustainability of some social policies and for sustaining medium- and \nlong-term economic growth. Uruguay is going through the “demographic dividend” stage of this process \nas the proportion of the population ages 15–65 peaks. This temporary situation creates the possibility of \nincreasing the endowment of capital and the labor force and sparking sustained economic growth. For \nthis to happen, institutional, financial, and fiscal conditions are needed that promote larger savings \nand investment. \nDemographic Change in Uruguay: Economic Opportunities and Challenges studies the opportunities and \nchallenges that the demographic transition poses for Uruguay’s economy. Once the demographic dividend \nhas passed, population aging will have a significant impact on fiscal accounts, especially in social protection \nexpenditures. This is a serious policy challenge, demanding reforms to adapt the institutions and systems to \na new demographic context. The main challenge in the next few decades will be to maintain economic \ngrowth on a solid path as the working-age population declines. This will require that labor force participation \nrates increase, particularly among women and older people, but will also require that those in the labor \nmarket increase their productivity. This will be achieved only through sustained growth of the capital per \nworker ratio and the incorporation of innovations and technological developments that facilitate increased \nproduction of goods and services for the entire population

Demographic change · Development economics · Economic geography · Economics · Geography · Political science · Population · Regional science · Sociology · Demography · Income, Poverty, and Inequality · Economic conditions · Uruguay

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Unique citing works4
Citations per year0,57
Citation span2019 - 2022 (4)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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