In this study we use a long run macroeconomic model for Austria to simulate the effects of aging on employment, output … growth due to a productivity shock. …

demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …

In this paper we develop a long run macroeconomic model for Austria to simulate the effects of aging on employment … with higher productivity growth. …

We integrate age specific productivity differentials into a long-run neoclassical growth model for the Austrian economy … with a highly disaggregated labor supply structure. We assume two life time productivity profiles reflecting either small … or large hump-shaped productivity differentials and compute an average labor productivity index using three different …

The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … apparent ‘productivity paradox’. The most obvious one is the fact that not many countries, other than the US, have yet invested …