The paper develops an overlapping generations model with probabilistic aging of households. We define age as a set of … probabilistic aging model thus allows for a very parsimonious yet rather close approximation of demographic structure and life …

In this study we use a long run macroeconomic model for Austria to simulate the effects of aging on employment, output … growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling … baseline scenario, we perform three alternative simulations that highlight the effects of aging from different perspectives …

In this paper we develop a long run macroeconomic model for Austria to simulate the effects of aging on employment …, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and … a baseline scenario, we perform six alternative simulations that highlight the effects of aging from different …

developing Asia as a whole will remain roughly constant during the next two decades despite rapid population aging in some … economies in developing Asia because population aging will occur much later in other economies and because the negative impact … of population aging on the domestic saving rate will be largely offset by the positive impact of higher income levels. …

major issue is the emerging demographic imbalances in the form of aging, which will give dependency ratios that have never … programs. It complements the Summit's focus on education and human resource development and heeds the World Economic Forum …

This paper develops a model of the relationship between the age of a dictator and economic growth. In the model a … economic growth rate decreases. The model predictions are supported by empirical evidence based on a threeway fixed effects … robust to sample selection, the tenure of dictators, the definition of dictatorship, and a broad set of economic growth …

The purpose of this article is to identify the role of population size, population growth and population ageing in … models of endogenous economic growth. While in exogenous growth models demographic variables are linked to economic … growth models and their successors also allow for interrelationships between demography and technological change. However …

Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and … demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … as developing countries and explores the impact of the age composition of the labour force on levels and growth rates of …

In recent decades, most industrialized countries experienced declining population growth rates caused by declining …-run economic growth by setting forth an R&D-based growth model including an analytically tractable demographic structure. Our … results show that, in response to demographic change, technological progress and economic growth accelerate in the medium run …

This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … factors that have governed the pace of the transition from stagnation to growth and have thus contributed to contemporary … variation in economic development. It uncovers the forces that have sparked the emergence of multiple growth regimes and …