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Acemoglu, Daron - 2018

We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers--is associated with greater adoption of robots and other automation technologies across … development of automation technologies in countries undergoing greater demographic change. Our directed technological change model …

Persistent link: https://www.econbiz.de/10012453293

Population Aging

Weil, David N. - 2006

Population aging is primarily the result of past declines in fertility, which produced a decades long period in which the ratio of dependents to working age adults was reduced. Rising old-age dependency in many countries represents the inevitable passing of this "demographic dividend." Societies...

Persistent link: https://www.econbiz.de/10012466508

Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax

Jokisch, Sabine - 2005

According to our simulation model, these policy changes would almost double the U.S. capital stock by the end of the century and raise long-run real wages by 19 percent compared to the base case alternative. They would also preclude a doubling of the highly regressive payroll tax. Indeed, the...

Persistent link: https://www.econbiz.de/10012466814

Population Aging and Economic Growth : From Demographic Dividend to Demographic Drag?

Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2023

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Persistent link: https://www.econbiz.de/10014337818

Economic Growth and the Demographic Transition

Bloom, David E. - 2001

For decades, economists and social thinkers have debated the influence of population change on economic growth. Three alternative positions define this debate: that population growth restricts, promotes, or is independent of economic growth. Proponents of each explanation can find evidence to...

Persistent link: https://www.econbiz.de/10012470030

Distorted Innovation : Does the Market Get the Direction of Technology Right?

Acemoglu, Daron - National Bureau of Economic Research - 2023

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings … automation, health care, and energy, and correcting these distortions could have sizable welfare benefits …

Persistent link: https://www.econbiz.de/10014226119

Distorted innovation: does the market get the direction of technology right?

Acemoglu, Daron - 2023

Persistent link: https://www.econbiz.de/10014245524

Suburbanization, Demographic Change and the Consequences for School Finance

Figlio, David N. - 2010

The existing literature on the relationship between the share of elderly in a community and the support for local public education has led to mixed results to date. One potential reason behind this is that the share of elderly in a community is endogenous, and it is very difficult to disentangle...

Persistent link: https://www.econbiz.de/10012462519

The Consequences of Population Aging on Private Pension Fund Saving and Asset Markets

Schieber, Sylvester J. - 1994

This paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease...

Persistent link: https://www.econbiz.de/10012474267

The Dynamics of an Aging Population : The Case of Four OECD Countries

Auerbach, Alan J. - 1989

Demographic changes, such as those anticipated in most OECD countries, have many economics effects that impinge on a country's fiscal viability. Evaluation of the effects of associated changes in capital-labor ratios and the welfare and behavior of different generations requires the use of a...

Persistent link: https://www.econbiz.de/10012476222

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