In the Media

Bloomberg’s Catarina Saraiva reports on a new study by Profs. Daron Acemoglu and David Autor and graduate student Keelan Beirne, which finds that aging and shrinking populations raise, rather than lower, the country’s Gross Domestic Product (GDP) per worker. “In cross-country data, declining birth rates lead to higher total factor productivity, larger capital stocks, a shift toward exports in high-tech industries, and more labor-saving patenting,” the authors write.