This chapter analyzes the effects of an aging population on individual skill choices and the production structure by … means of a dynamic general equilibrium model with overlapping generations and probabilistic aging. The model allows for … labor gives a boost to GDP. Hence, the often cited adverse effects of aging are mitigated and can be overcome when taking …

motivated? A standard result in economics is that firms offer autonomous jobs to promote worker motivation. But surprisingly … motivates them. Does autonomy in fact trigger motivation? I argue in this study that motivation may trigger autonomy, and thus … motivation, and that motivated workers have a lower cost of processing information than unmotivated ones. While motivated workers …