Demographic Transition in the Middle East: Implications for Growth, Employment, and Housing
February 1, 2000
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Summary
The working age population is expected to grow faster in the Middle East than in any other region in the world between now and 2015—rising annually by 2.7 percent, or 10 million people. This demographic explosion presents the region with a major challenge in terms of providing jobs, incomes, and housing for the growing population, but the expanding labor force can also be seen as an opportunity to generate higher per capita income growth on a sustainable basis. The paper concludes by emphasizing the importance of market-friendly institutions in turning the challenge into opportunity.
Subject: Aging, Employment, Housing, Labor, Labor force participation, National accounts, Population and demographics
Keywords: age structure, Aging, census result, demography, demography of Med, East Asia, Employment, employment growth, employment target, GDP, growth, growth rate, growth requirement, housing, housing investment, labor force, Labor force participation, Med context, Med country, Middle East, North America, physical capital, replacement ratio, WP
Pages:
25
Volume:
2000
DOI:
Issue:
041
Series:
Working Paper No. 2000/041
Stock No:
WPIEA0412000
ISBN:
9781451846096
ISSN:
1018-5941
