We integrate age specific productivity differentials into a long-run neoclassical growth model for the Austrian economy … aggregation function, the simulation results show only negligible or small negative effects on output and other macroeconomic key … variables. -- age specific productivity ; demographic change ; model simulation …

generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the … the sign and magnitude of generational turnover and its impact on consumption growth. We find considerable cross …We assess the impact of population structure on economic growth. Following recent research, we focus on the …

This paper revisits the impact of population aging on economic growth. In order to understand the impact of population … aging on economic growth, it is important to consider the changes in the entire age distribution of demography. Our … working-age population lowers economic growth. We also investigate the effect of technological advances on the relation …

older population on the total output growth rate. The model incorporates the projected population through 2060 according by … suitable for analyzing the effects of demographic changes on the Korean economy. Under the assumption that the TFP growth rate … will not slow considerably in the future, remaining at 1.3% per annum, the gross output growth rate of the Korean economy …

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 …

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 …

population dynamics and productivity growth. Although a reform is necessary, delaying its implementation implies large welfare … funded reform harms current generations, with small gains to future generations. High wage growth is key for these results …

savings and in per capita output growth in China since the mid-1970s. The demographic changes come from reductions in the … policies both contributed to in- creases in savings and output growth but with differing intensities and at different horizons …. We further demonstrate the importance of endogenous human capital investment in accounting for the economic growth in …

and growth, whose simulations match our empirical findings. The current trend of population aging and reduced fertility is … found to reduce output growth and real interest rates across OECD countries …

and growth, whose simulations match our empirical findings. The current trend of population aging and reduced fertility is … found to reduce output growth and real interest rates across OECD countries …