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Population Ageing and Its Effects on the German Economy

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  • Dirk Ulbricht
  • Dmitry Chervyakov

Abstract

The latest long-term projection of Germany’s population implies a clear trend: even though slight growth is expected over the next decade, a decline in the future is almost inevitable. Furthermore, an ageing society combined with a low fertility rate will lead to massive shrinkage of the working-age population. What are the social and economic consequences of these developments? Is a decline in economic growth unavoidable? We present the results of the long-term population projection and summarize the various effects population ageing may have on Germany.

Suggested Citation

  • Dirk Ulbricht & Dmitry Chervyakov, 2015. "Population Ageing and Its Effects on the German Economy," DIW Roundup: Politik im Fokus 78, DIW Berlin, German Institute for Economic Research.
    • Handle: RePEc:diw:diwrup:78en
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.514120.de/DIW_Roundup_78_en.pdf
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    References listed on IDEAS

    as
    1. Ingrid Hamm & Helmut Seitz & Martin Werding (ed.), 2008. "Demographic Change in Germany," Springer Books, Springer, number 978-3-540-68137-3, December.
    2. Emilio Zagheni, 2011. "The Leverage of Demographic Dynamics on Carbon Dioxide Emissions: Does Age Structure Matter?," Demography, Springer;Population Association of America (PAA), vol. 48(1), pages 371-399, February.
    3. Fanny A. Kluge & Emilio Zagheni & Elke Loichinger & Tobias C. Vogt, 2014. "The advantages of demographic change after the wave: fewer and older, but healthier, greener, and more productive?," MPIDR Working Papers WP-2014-003, Max Planck Institute for Demographic Research, Rostock, Germany.
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