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When incomes and living standards rise, households tend towards having fewer children, inducing a fall in the population growth rate. This is a pattern evident in the historical development of many countries once they have progressed beyond the Malthusian poverty trap (Day and Dowrick 2004). The resulting transition produces population ageing—a process whereby the proportion of old people within the total population increases (ILO 2009).

Getting Rich after Getting Old: China’s demographic and economic transition in dynamic international context