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Evolution, Fertility and the Ageing Population

Author

Listed:
  • Jason Collins

    (Business School, University of Western Australia)

  • Oliver Richards

    (Australian Treasury)

Abstract

We propose that the recent rise in the fertility rate in developed countries is the beginning of a broad-based increase in fertility towards above-replacement levels. Environmental shocks that reduced fertility over the past 200 years changed the composition of fertility-related traits in the population and temporarily raised fertility heritability. As those with higher fertility are selected for, the “high-fertility” genotypes are expected to come to dominate the population, causing the fertility rate to return to its pre-shock level. We show that even with relatively low levels of genetically based variation in fertility, there can be a rapid return to a high-fertility state, with recovery to above-replacement levels usually occurring within a few generations. In the longer term, this implies that the proportion of elderly in the population will be lower than projected, reducing the fiscal burden of ageing on developed world governments. However, the rise in the fertility rate increases the population size and proportion of dependent young, presenting other fiscal and policy challenges.

Suggested Citation

  • Jason Collins & Oliver Richards, 2013. "Evolution, Fertility and the Ageing Population," Economics Discussion / Working Papers 13-02, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:13-02
    as

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    File URL: https://www.business.uwa.edu.au/__data/assets/pdf_file/0010/2254564/13-02-Evolution,-Fertility-and-the-Ageing-Population.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Dimitrios Varvarigos, 2013. "A Theory of Demographic Transition and Fertility Rebound in the Process of Economic Development," Discussion Papers in Economics 13/19, Division of Economics, School of Business, University of Leicester.
    2. Asako Ohinata & Dimitrios Varvarigos, 2020. "Demographic Transition and Fertility Rebound in Economic Development," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(4), pages 1640-1670, October.
    3. Jason Collins & Boris Baer & Ernst Juerg Weber, 2016. "Evolutionary Biology in Economics: A Review," The Economic Record, The Economic Society of Australia, vol. 92(297), pages 291-312, June.

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