Demographic changes can affect
GDP growth. First, lower growth in population directly implies reduced labor input.
Second, lower population growth has an indirect potentially negative impact on individual labor supply insofar as it
leads to higher tax rates which
reduce the incentive to work.
In addition, Demographics can include any statistical factors that influence population growth or decline, however
several parameters are particularly
important: population size, density,
age structure, fecundity, mortality,
and sex ratio
