dynamic general equilibrium model with endogenous economic growth and heterogeneous overlapping generations. We calibrate the … model for the US economy. First, we establish that the net effect of a decline in population growth on the growth rate of … the growth performance and for individual welfare. Third, we show that the assessment of pension reform proposals may be …

utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution … growth rate of demand that matters, not the level of demand.The paper makes three contributions. First, following up on …

economies. An important aspect of relative decline is a progressive secular slowing down of productivity growth. Another is the … phenomena, attention is paid to the role of profitability as a driver of productivity and investment and global hegemony as a …