Ageing, Labour Force Participation and Education

Comparing the Implications for Economic Growth in China and India

John Hicks, Parikshit Basu, Richard Sappey

Research output: Contribution to journalArticle

Abstract

An ageing population will result, over the next 40 years, in a fall in China's labour force as the more youthful Indian labour force continues to grow. However, we find that growth in output per capita has been dominated, in both countries, by growth in labour productivity. China's stronger labour productivity performance has resulted, until recently, from a stronger growth in their capital/labour ratio. Now, however, it is the growth of China's total factor productivity, driven by a much stronger public investment in education, that keeps them ahead. To match China, India must increase participation in education and in the workforce ' especially amongst women.
Original languageEnglish
Pages (from-to)1-19
Number of pages19
JournalEconomic Papers of the Economic Society of Australia
Volume29
Issue number3
Publication statusPublished - 2010

Fingerprint

Education
China
Economic growth
Labor force participation
India
Labour productivity
Labor force
Public investment
Participation
Total factor productivity
Labor
Workforce
Aging population

Cite this

@article{b78a9389d95a4763b522825152f1cac9,
title = "Ageing, Labour Force Participation and Education: Comparing the Implications for Economic Growth in China and India",
abstract = "An ageing population will result, over the next 40 years, in a fall in China's labour force as the more youthful Indian labour force continues to grow. However, we find that growth in output per capita has been dominated, in both countries, by growth in labour productivity. China's stronger labour productivity performance has resulted, until recently, from a stronger growth in their capital/labour ratio. Now, however, it is the growth of China's total factor productivity, driven by a much stronger public investment in education, that keeps them ahead. To match China, India must increase participation in education and in the workforce ' especially amongst women.",
keywords = "China, Education, Growth, India, Productivity",
author = "John Hicks and Parikshit Basu and Richard Sappey",
note = "Imported on 12 Apr 2017 - DigiTool details were: Journal title (773t) = Economic Papers of the Economic Society of Australia. ISSNs: 0812-0439;",
year = "2010",
language = "English",
volume = "29",
pages = "1--19",
journal = "Economic Papers of the Economic Society of Australia",
issn = "0812-0439",
publisher = "John Wiley & Sons",
number = "3",

}

Ageing, Labour Force Participation and Education : Comparing the Implications for Economic Growth in China and India. / Hicks, John; Basu, Parikshit; Sappey, Richard.

In: Economic Papers of the Economic Society of Australia, Vol. 29, No. 3, 2010, p. 1-19.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Ageing, Labour Force Participation and Education

T2 - Comparing the Implications for Economic Growth in China and India

AU - Hicks, John

AU - Basu, Parikshit

AU - Sappey, Richard

N1 - Imported on 12 Apr 2017 - DigiTool details were: Journal title (773t) = Economic Papers of the Economic Society of Australia. ISSNs: 0812-0439;

PY - 2010

Y1 - 2010

N2 - An ageing population will result, over the next 40 years, in a fall in China's labour force as the more youthful Indian labour force continues to grow. However, we find that growth in output per capita has been dominated, in both countries, by growth in labour productivity. China's stronger labour productivity performance has resulted, until recently, from a stronger growth in their capital/labour ratio. Now, however, it is the growth of China's total factor productivity, driven by a much stronger public investment in education, that keeps them ahead. To match China, India must increase participation in education and in the workforce ' especially amongst women.

AB - An ageing population will result, over the next 40 years, in a fall in China's labour force as the more youthful Indian labour force continues to grow. However, we find that growth in output per capita has been dominated, in both countries, by growth in labour productivity. China's stronger labour productivity performance has resulted, until recently, from a stronger growth in their capital/labour ratio. Now, however, it is the growth of China's total factor productivity, driven by a much stronger public investment in education, that keeps them ahead. To match China, India must increase participation in education and in the workforce ' especially amongst women.

KW - China

KW - Education

KW - Growth

KW - India

KW - Productivity

M3 - Article

VL - 29

SP - 1

EP - 19

JO - Economic Papers of the Economic Society of Australia

JF - Economic Papers of the Economic Society of Australia

SN - 0812-0439

IS - 3

ER -