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on the savings rate, capital accumulation, productivity and the labour supply. These effects must be taken into account …
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variables. -- age specific productivity ; demographic change ; model simulation …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 …
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Asia is aging, although there is significant heterogeneity across subregions and economies. Population aging poses two strategic challenges for the region: sustaining economic growth and delivering old-age economic security. In this paper, we leverage the lifecycle perspective-that individuals'...
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