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Article
Publication date: 1 September 1992

Political Economy of Demographic Change

Masudul Alam Choudhury and Joseph MacPhee

Undertakes a critical study of population theory and demographicchange in the history of economic thought and then presents analternative theory of social change within…

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Abstract

Undertakes a critical study of population theory and demographic change in the history of economic thought and then presents an alternative theory of social change within which demographic change can be taken up. This latter kind of theoretical construct is shown to be an endogenous theory of population change and demographic transition wherein policy variables are taken up as ethical parameters endogenously affecting social issues and interactive decisions. Examples here are shown to be fertility decisions of families, migration policies and others. On the contrary, shows that in the history of economic thought it has been an exogenous approach towards explaining optimal population (Malthus theory), dynamic version (Canan) or a policy‐exogenous but fertility‐endogenous theory of household preferences to children as consumer or capital good that has been presented by the neoclassical and classical schools. A brief critique of Marxist view on population change is also covered. In conclusion, tries to establish the logical validity of an endogenous theory of population and points to its empirical possibility.

Details

International Journal of Manpower, vol. 13 no. 9
Type: Research Article
DOI: https://doi.org/10.1108/01437729210020697
ISSN: 0143-7720

Keywords

  • Demographics
  • Economic theory
  • Social economics

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Article
Publication date: 3 July 2020

Role of demographic factors in economic growth of South Asian countries

Kashif Munir and Faqeer Syed Umaid Shahid

This study examines the long-run and short-run impact of demographic factors, i.e. life expectancy, fertility rate and young dependency ratio in determining the economic…

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Abstract

Purpose

This study examines the long-run and short-run impact of demographic factors, i.e. life expectancy, fertility rate and young dependency ratio in determining the economic growth of South Asian countries.

Design/methodology/approach

The theoretical foundation of the study relies on demographic transition theory and incorporates life expectancy, fertility rate and young dependency ratio into the production function by means of human capital component. The study uses annual panel data of four South Asian courtiers, i.e. Bangladesh, India, Pakistan and Sri Lanka from 1980 to 2018 and utilizes panel ARDL model to analyze the long run and short run impact of demographic factors on economic growth.

Findings

Results show that real stock of capital, fertility rate and life expectancy are positively related with economic growth, while an increase in young dependency ratio reduces economic growth in South Asian countries in the long run. Short-run dynamics show that real stock of capital and life expectancy have insignificant impact on economic growth, while young dependency ratio has negative and significant as well as life expectancy has positive and significant impact on economic growth in South Asian countries. Unidirectional causality exists from young dependency ratio and fertility rate to GDP per capita in the short run.

Practical implications

Government has to design policies for better health and education facilities to yield high economic growth as well as better infrastructure and macroeconomic stability to facilitate capital accumulation in the region to foster economic growth.

Originality/value

This study considerably adds into the existing literature by providing better understanding of various demographic aspects and their economic inference by highlighting the demographic changes that South Asia has endured. This study is also beneficial for policymakers and growth analysts in generating effective and sustainable policies regarding population dynamics and economic development of the region.

Details

Journal of Economic Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
DOI: https://doi.org/10.1108/JES-08-2019-0373
ISSN: 0144-3585

Keywords

  • Life expectancy
  • Fertility rate
  • Young dependency ratio
  • Economic growth
  • South Asia

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Article
Publication date: 19 April 2013

Socioeconomic development and fertility trends among the states of India

Gary Brinker and Robin Amonker

The purpose of this paper is to investigate the relationship between levels of socioeconomic development and subsequent trends in fertility among the states of India…

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Abstract

Purpose

The purpose of this paper is to investigate the relationship between levels of socioeconomic development and subsequent trends in fertility among the states of India. Based on the Theory of Demographic Transition, this study tests the hypothesis: The higher the level of socioeconomic development in 1993, the greater the subsequent percentage of decrease in fertility rates between 1999 and 2006 among the states of India.

Design/methodology/approach

The study utilizes Pearson's r correlation and linear multiple regression analysis on three National Family Health Surveys data to predict two measures of decline in fertility from socioeconomic indicators.

Findings

The findings support the theory of demographic transition in large measure revealing that the overall level of socioeconomic development is directly related to subsequent declines in fertility among the states of India.

Research limitations/implications

Correlations between state‐wide indicators are based on sample data of which margins of error and response rates are unknown.

Practical implications

The study suggests that the empowerment of women through education, employment opportunities and exposure to the mass media reduces fertility.

Social implications

Population control in India is extremely important for the future welfare of all of its society members.

Originality/value

Although previous research has shown cross‐sectional correlations between fertility and socioeconomic development, this is the first time correlations between socioeconomic development and subsequent trends in fertility have been measured. This is methodologically important because Demographic Transition Theory hypothesizes a lag between modernization and fertility decline. Rather than correlating level of economic development with current fertility, this study correlates level of economic development with the subsequent dynamic changes in fertility.

Details

International Journal of Sociology and Social Policy, vol. 33 no. 3/4
Type: Research Article
DOI: https://doi.org/10.1108/01443331311308267
ISSN: 0144-333X

Keywords

  • India
  • Birth rate
  • Economic development
  • Family
  • Fertility

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Article
Publication date: 4 June 2018

Aging in South Asia: challenges and opportunities

Masud Chand

The countries that make up South Asia have young but rapidly aging populations. The purpose of this paper is to investigate some of the challenges that this rapid aging…

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Abstract

Purpose

The countries that make up South Asia have young but rapidly aging populations. The purpose of this paper is to investigate some of the challenges that this rapid aging creates for societies and organizations in South Asia. It also points out how, properly managed, aging populations can create multiple opportunities for societies and organizations alike.

Design/methodology/approach

The paper uses secondary data about the aging situation globally. It pays special attention to the demographic situation in South Asian countries and uses as examples policies dealing with aging populations in other countries that have gone through demographic transitions in the recent past.

Findings

Aging populations are bringing about numerous challenges in the region, including rising costs for pensions and healthcare, higher dependency ratios, and changing family dynamics. South Asia will enjoy a one-time demographic dividend. Policy makers and managers need to put the right policies in place to ensure that they take maximum advantage of this opportunity.

Research limitations/implications

The study is based on secondary data. It is a perspectives piece and does not provide an in-depth study of the specific issues raised.

Practical implications

The study details how organizations can best manage this transition. This includes planning for a multigenerational workforce, providing accommodations for older workers, and fostering mentoring, knowledge transfer, cross-training and mixed-age work teams.

Social implications

This study analyzes some of the social issues that arise because of aging populations, such as the challenge of creating pension and healthcare systems, dealing with a rising old age dependency ratio, and dealing with a gradual transition to single-family households.

Originality/value

This is one of the first studies that look at the coming demographic transition in South Asia, and details some of the challenges and opportunities that arise both in terms of policies and managerial implications.

Details

South Asian Journal of Business Studies, vol. 7 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/SAJBS-09-2017-0103
ISSN: 2398-628X

Keywords

  • Aging
  • South Asia
  • Challenges and opportunities
  • Demographic dynamism

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Book part
Publication date: 12 August 2009

The value of children – fertility, personal choices and public needs

An-Magritt Jensen

Structural factors are central to demographic theories in trying to explain the ups and downs in fertility. In scientific debates two perspectives have often been…

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Abstract

Structural factors are central to demographic theories in trying to explain the ups and downs in fertility. In scientific debates two perspectives have often been confronted, one in which the economy is seen as the driving force of change, the other in which culture and new ideas are emphasised. Whether changes in the value of children are driven by economic or cultural factors can be difficult to disentangle. The theory of the demographic transition is a starting point.

Details

Structural, Historical, and Comparative Perspectives
Type: Book
DOI: https://doi.org/10.1108/S1537-4661(2009)0000012013
ISBN: 978-1-84855-732-1

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Book part
Publication date: 15 April 2019

A Proposed Framework on the Role of Entrepreneurial Education and Contextual Factors

Tariq Ahmed, Ijaz Ur Rehman and Bruno S. Sergi

Understanding and predicting the emergence of venture initiation entails research to explore the antecedents of entrepreneurial intention (EI) and behavior. This book…

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Abstract

Understanding and predicting the emergence of venture initiation entails research to explore the antecedents of entrepreneurial intention (EI) and behavior. This book chapter aims to provide an overview on the role of exogenous factors (entrepreneurship education), contextual and environmental factors (perceived entrepreneurial motivators and barriers) in developing EIs and behavior among the university graduates. It also highlights the different strands of opinion and research on the role that formal entrepreneurship programs may (or may not) play in developing EI and action. This book chapter further provides some developments on the factors mentioned above among the different Asian countries while using Global Entrepreneurship Monitor (GEM). Since 1999 GEM reports have been a key source of comparable data across a large variety of countries on attitudes toward entrepreneurship, start-up, established business activities, and aspirations of entrepreneurs for their businesses.

Details

Entrepreneurship and Development in the 21st Century
Type: Book
DOI: https://doi.org/10.1108/978-1-78973-233-720191005
ISBN: 978-1-78973-233-7

Keywords

  • Entrepreneurship development
  • entrepreneurial education
  • entrepreneurial intention
  • exogenous factor
  • contextual factors
  • global entrepreneurship monitor

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Article
Publication date: 1 August 1995

Development under Population Pressure and Shortage of Resources—An Alternative Path to the Demographic Transition

Josef Schmid

As a result of two closely related problems, namely the population problem in almost all parts of the world and the serious effects on the environment, thinking relating…

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Abstract

As a result of two closely related problems, namely the population problem in almost all parts of the world and the serious effects on the environment, thinking relating to development has taken a new direction. Development is more and more closely linked to the question of population and the form of production which to a great extent affects technology and resources.

Details

International Journal of Sociology and Social Policy, vol. 15 no. 8/9/10
Type: Research Article
DOI: https://doi.org/10.1108/eb013225
ISSN: 0144-333X

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Article
Publication date: 1 October 2005

Prudence vs professionalism: Exploratory examination of pension trustee capability

Nada K. Kakabadse and Andrew Kakabadse

This paper seeks to report original research examining how effectively board members of occupational pension trusts administer pension plan assets on behalf of their…

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Abstract

Purpose

This paper seeks to report original research examining how effectively board members of occupational pension trusts administer pension plan assets on behalf of their respective members. The concept of the concerned lay board member (the “prudent person”) is increasingly under attack from the media, government and professional bodies. The proposition is that lay members should be replaced by professionals. Aims to explore the prudence vs professionalism theme through an examination of trustee profile, trustee financial competence and trustee performance effectiveness.

Design/methodology/approach

The study adopts demographic theory from the perspective that group demographics are a critical focus of analysis due to their potent impact on organisational outcomes. A qualitative approach was initially pursued in order to capture trustee views which formed the platform for the second quantitative phase of the study.

Findings

The study concludes that lay trustees display comparable capacity to professional trustees and emerge as equally able to positively respond to the future challenges facing pension boards.

Practical implications

The study highlights that HR practitioners can make a significant impact on the selection and development of pension board trustees.

Originality/value

Rather than continuing with the unhelpful, historically based distinction between lay and professional pension board trustees, this original study identifies the growing complexities of managing pension trusts, whilst emphasising the capabilities required to pursue innovative investment practice in the future. This paper is likely to be of value to researchers in the areas of board and pension trust performance, fund trustees, actuaries, trust fund managers, employee benefits consultancies, the Treasury and HR professionals.

Details

Personnel Review, vol. 34 no. 5
Type: Research Article
DOI: https://doi.org/10.1108/00483480510612521
ISSN: 0048-3486

Keywords

  • Human capital
  • Pensions
  • Human resource strategies

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Book part
Publication date: 18 November 2020

A Sociological Perspective for Understanding the Transition to Retirement

Pelin Önder Erol

Human life course is shaped by a set of consecutive roles, such as being a worker, a spouse and a parent in a standard biography. However, being instantly disengaged from…

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Abstract

Human life course is shaped by a set of consecutive roles, such as being a worker, a spouse and a parent in a standard biography. However, being instantly disengaged from any of these roles may cause devastating effects on people’s lives. This discontinuity not only influences the very dynamics of the meaning of working, but also causes aging labor force to be excluded from the market economy. Experienced workers are drained from the pool of labor force just because they are old. This study aims at focusing on the effects of compulsory retirement both upon individual and upon structure, through the lenses of Political Economy of Aging (PEA) and Human Resources Management (HRM). The PEA perspective proposes a tripartite relationship among state (politics), market (economy) and individual (society), while HRM perspective provides an insight of an effective use of workforce from different generations, including older generation.

Details

Contemporary Global Issues in Human Resource Management
Type: Book
DOI: https://doi.org/10.1108/978-1-80043-392-220201015
ISBN: 978-1-80043-393-9

Keywords

  • Political economy
  • human resources management
  • generations at work
  • compulsory retirement
  • population aging
  • old age dependency

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Article
Publication date: 30 March 2020

Testing Malthusian's and Kremer's population theories in developing economy

Muhammad Azam, Haider Nawaz Khan and Farah Khan

This study aims to test the Malthusian and Kremer theories by exploring the relationship between population and economic growth in a low middle-income economy of India.

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Abstract

Purpose

This study aims to test the Malthusian and Kremer theories by exploring the relationship between population and economic growth in a low middle-income economy of India.

Design/methodology/approach

The autoregressive distributed lag approach is employed based on the nature of time-series data to achieve the study objectives. In this study, regressand is economic growth measured by real GDP, and the regressors are population growth rate, investment, life expectancy and inflation rate from 1980 to 2018.

Findings

Empirical results confirm the applicability of Kremer’s theory. In this theory, population growth has a significant and positive impact on economic growth in the short and long run. Moreover, investment and life expectancy variables have a positive and significant impact on economic growth, whereas inflation rate has a negative association with economic growth. Empirical results support the population-growth-driven economic growth hypothesis, which indicates that population growth stimulates economic growth and development.

Practical implications

Empirical findings in this study provide guides for management authorities in formulating the right and relatable policies on population growth whilst promoting economic growth and social welfare.

Originality/value

Achieving a desirable level of economic growth is the prime objective of every country. The role of the population in the process of economic growth and development cannot be overlooked. Malthus' and Kremer's views are opposite. Extant literature exhibits that scant research has been carried out on this significant topic in developing countries. Therefore, empirically investigating the effect of population on the growth performance of India as a developing country is necessary and will significantly contribute to the literature.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-08-2019-0496

Details

International Journal of Social Economics, vol. 47 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/IJSE-08-2019-0496
ISSN: 0306-8293

Keywords

  • Population growth
  • Economic growth
  • ARDL
  • India
  • J1
  • O40
  • C2

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