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Sociology

The Demographic Dividend and the Political Economy of Youth Bulges

Quick fact

Countries that experienced a demographic dividend, like South Korea, saw a rapid fertility decline followed by a working-age share peak; according to one estimate, demographic factors contributed up to 30% of East Asia's average annual GDP growth per capita from 1965 to 1990.

Why this is interesting

On a city street, you might notice that in some countries, half the population seems to be under 25, while in others, the crowds are mostly adults. What happens to a society when its young people suddenly become the majority?