Wednesday, March 20, 2019

The big picture on population

From Club Troppo, a fascinating review of a new book arguing that the rate of population growth is peaking much sooner than expected, with large implications both good and bad:
Even before the arrival of Bricker and Ibbitson’s new work, the population pessimists were overstating their claims. The UN forecasts that population will peak at around 11 billion in 2100 then settle into gentle decline.

But Bricker and Ibbitson assert that the UN has got it wrong. Their investigations suggest that fertility rates are falling much more rapidly around the globe than the UN thinks.

They point out that populations are already declining in two dozen countries – by 2050 it will be three dozen. Japan’s population is expected to fall from 127 million to 95 million by 2053! They say that global population will peak at about 9 billion or less between 2040 and 2060 – a lower and earlier peak than the UN predicts. They also say population post-peak will decline much more quickly that conventionally thought.

Their conclusions are based on published statistics and a series of interviews on every continent supplemented by recent survey data about planned family size.

It has long been known that increasing per capita incomes, economic development and urbanisation led to declining fertility. But in developing countries, fertility rate declines appear to be running well ahead of what could be expected on the basis of their stage of economic development. Why? The answer is female education and information technology. Female school enrolment is rising rapidly and access to information is exploding. Women are being better educated younger, both formally and informally, than ever before. As a result, they are choosing to have fewer babies.
 As for the (rather topical) question of Muslims out-populating the West:
The authors dismiss claims that religion and culture dominate other drivers of fertility rates. Claims that, for example, Muslim countries, have higher fertility rates than elsewhere due to religious factors can’t be sustained. The 2010-15 fertility rates for Iran, UAE, Qatar, Turkey, Bahrain and Kuwait are all at replacement (2.1) or below and are probably continuing the fall. Developed Muslim countries have low fertility rates just like non-Muslim developed countries. They also argue that immigrates adopt their new homes’ birth rates in one or, at most, two generations.
 The best thing about a reduced population peak?   It's environmental, of course:
Bricker and Ibbitson point out that “if the UN’s low variant [population growth] model played out, relative emissions would decline by 10 percent by 2055 and 35 percent by 2100.”
 The not-so-great aspect is the unclear economic and geopolitical effect:
Population decline is likely to lead to geopolitical instability. Bricker and Ibbitson says that, following its disastrous one child policy and its prohibition of immigration, China’s population could be, astonishingly, as low as 650 million by 2100 if its fertility rates fall in line with those in Hong Kong and Singapore at 1.0 or lower. The associated changes in economic and military power will redefine strategic priorities.

Economic growth will be slower. AI, rather than being a threat to jobs, may come just in time to complement a shrinking workforce. The economic and social consequences are too complex to predict.
 The reviewer makes some comments following the post which are helpful too:
1. This new book is not an example of ‘apocryphal thinking’. The authors, at no point, argue that this is an end-of-the-world scenario. If one had to reduce the book to one sentence it is: ‘fertility rates are lower than is widely thought, are falling faster and will get much lower sooner than the vast majority think – including politicians, economics, bureaucrats, environmentalists and even, apparently, the majority of demographers – to nominate a few key groups’.

2. Yes, it’s ‘old news’ that fertility rates are below replacement in many countries. The new news is that: that club is growing more rapidly than thought; the falls, after below replacement levels are reached, are continuing, and; falls in developing countries are suddenly getting ahead of the economic development curve. Again, to reduce the book’s story to one short sentence: ‘fertility rates are lower than you think’ – to which some big say ‘big deal’ and they’re right but in the non-sarcastic sense.
This seems an important book, and it was only published in February this year.  I wonder why I haven't noticed it reviewed elsewhere...



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