Economic Consequences for Australia of Global Demographic Change

The world economy is being shocked by changes in demographic behaviour, including to fertility, mortality, migration and the sex ratio at birth, that were not widely anticipated a decade ago. Although many of these changes are also occurring within Australia, this project will highlight the implications for the Australian economy of their occurrence abroad. By developing and adapting global demographic and economic models, it will examine the implications of demographic changes for saving rates abroad, and hence the financing of Australian investment, the volume and composition of consumption abroad, and hence the demand for Australia s exports, and the demand for migration to Australia.