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Despite similar levels of per capita income, education and technology, the development of labour income shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. We first use a standard overlapping generations model to derive...
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regions of the world, and their correlation across regions. In order to address these issues, we produce stochastic … simulations of the world population for the ten regions until 2050. Then, we will analyse the economic consequences on a path by …-economic variables, the GDP growth rate and the world interest rate in particular, by uncertain future demographics. We show that the …
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This paper aims to assess the effects of population aging on economic growth. We adopt the partial-adjustment model to regress the per capita GDP growth rates of 80 countries from 1960 to 2005 against a set of independent variables including the levels and changes in the proportions of the young...
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The changing population dynamics have substantial impact on economy. This paper investigates the effects of demographic change on economic growth. The share of working age population, child dependency ratio, old-age dependency ratio and age dependency ratio are used as demographic variables. The...
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