This chapter explores the ways in which changing the age structure of the population in the macroeconomic models affects variables, such as consumption, wages, government spending, and saving. The chapter also presents the basic data on the ways in which the age structure of the population is...

This paper examines the dynamic responses of income and poverty to increased investment in the human capital of new cohorts of workers, using a quantitative macroeconomic model with realistic demography. Compared to a baseline in which the rate of human capital investment currently observed in...