msc 302 hw - Article: Missing Children By: Gary S. Becker...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Article: Missing Children By: Gary S. Becker Main Points: 1. The rate of population once it is declining only tends to continue declining unless there is a radical increase in birth rate or a change in their attitudes towards attracting and accepting immigrants. 2. One consequence of low birth rate is that there are fewer people at working ages compared to retirees, and therefore there is a bigger challenge to finance retirement income, since most countries finance the retired through taxation of the working population. 3. Another negative consequence is the decline in innovations. The vast majority of the important new ideas come from inventors who are younger than 50 (often far younger). Also, the number benefiting from innovations is related to population size and also its age distribution. Therefore, with a shift to an older population, there is less demand for innovation, as well as fewer innovators.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/16/2008 for the course MSC 302 taught by Professor Cavusgil during the Spring '08 term at Michigan State University.

Ask a homework question - tutors are online