Economic effects of demographic dividend in Brazilian regions

Diogo Baerlocher, Stephen L. Parente, Eduardo Rios-Neto

Research output: Contribution to journalArticlepeer-review


Exploiting heterogeneity across Brazilian micro-regions over the 1970–2000 period, this paper examines whether the demographic dividend extends beyond a pure accounting effect. Using a Sys-GMM approach, it finds evidence that changes in age structure have only pure accounting effects after controlling for human capital. Therefore, in the case of Brazilian micro-regions, there is a second demographic dividend, which is associated with education. This second dividend is the far more important of the two dividends in terms of economic growth. In a counterfactual exercise, we show that the accounting effect is responsible for less that 10% of the income gap between the poorest and richest regions in Brazil.

Original languageEnglish (US)
Article number100198
JournalJournal of the Economics of Ageing
StatePublished - 2019


  • Convergence
  • Demographic dividend
  • Education dividend

ASJC Scopus subject areas

  • Economics and Econometrics
  • Life-span and Life-course Studies


Dive into the research topics of 'Economic effects of demographic dividend in Brazilian regions'. Together they form a unique fingerprint.

Cite this