Michael Pettis: Lower birth rates linked to higher productivity growth

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Lower birth rates tied to productivity gains

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Ivan Andriyenko

2 hours ago

Michael Pettis: Lower birth rates linked to higher productivity growth — Lower birth rates tied to productivity gains

Michael Pettis, economist, professor of finance, nonresident senior fellow, author, macroeconomic analyst at Peking University; Carnegie Endowment for International Peace, shares research from Daron Acemoglu, David Autor, Keelan Beirne, and Andrew Scott. They argue that productivity-enhancing technology tends to coincide with lower birth rates, challenging the widespread belief that falling birth rates hamper economic growth.

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Pettis previously critiqued a McKinsey Global Institute report for mischaracterizing debates on global trade imbalances and industrial policy. He has also highlighted that over 10 percent of Chinese adults were overdue on debt payments by the end of 2025, citing mounting financial pressures in China in a separate analysis. These earlier findings show his focus on cross-border economic policy and emerging financial risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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