Demographic Dividend of Ghana: The National Transfer Approach
2020-06-17 15:08:43 Viewed: 1864 Downloads: 1525-
Demographic Dividend of Ghana: The National Transfer Approach
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Pub: 2020-06-17 15:08:43
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The paper uses the National Transfer Accounts Approach to estimate the lifecycle deficit and the first demographic dividend for Ghana in 2005. The results of the National Transfer Accounts for Ghana indicate that, lifecycle surplus runs for about 30 years and peaks around age 50. Further, there is early entry into as well as late exit from the labour force, probably due to significant unregulated labour market activities in Ghana, particularly in the informal sector. The results reveal that Ghana started enjoying her first demographic dividend in 1990 and is expected to peak around 2031. The paper, however, proposes some policies geared towards strengthening the labour market which potentially would develop the human capital particularly in the productive ages to help sustain the benefits.
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Keywords
Ghana, National Transfer Accounts, First Demographic Dividend, Lifecycle Deficit, Economic Support Ratio
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Keywords
Current account deficit; Business cycle; countercyclical; procyclical; Quantile regression