Using the OLG model there is a permanent reduction in the population. What effect would this...
Using the OLG model there is a permanent reduction in the population. What effect would this have?
Homework Answers
Ans.
It will have impact in the following ways -
1. Less human resource and less human capital
2. More increase in old age population due to decrease in death rate and birth rate. Ageing of population will be the most disturbing phenomenon.
3. Less human capital will lead to less economic development since human acts as economic rich.
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