We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …

function. Differences in population growth rates, life-expectancies, retirement durations, and the degree of concavity of the … growth trap” in economies where life expectancy is short, fertility rates are high, and households work most of their lives …

We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in …-by-doing-spillovers, in which an increase in the retirement age reduces physical capital accumulation and thereby economic growth. Our results …

This paper examines the interrelationship between capital accumulation, fertility, and growth by introducing an … endogenous fertility decision into Diamond's (1965) neoclassical growth model. Under the assumptions that children provide old … cyclical fluctuations in the capital-labor ratio and fertility, as well as for development trap phenomena to be observed. It is …

endogenous fertility. In the neoclassical model, habits modify the economy's growth rate and generate transitional dynamics in … fertility; station- ary income per capita is associated with either increasing or decreasing population and output, depending on … fertility: the trade-off between second-period consumption and spending for bequests prompts agents to decrease fertility in …

transitions. The model captures the intricate interplay between technological progress, mortality, fertility and economic growth … relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic …