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This paper considers how increasing longevity and declining birth rates affect market entry and endogenous productivity growth in a two-country model of trade. In each country, the demographic transition to an older population induces a contraction in the labor force through a decline in the...
Persistent link: https://www.econbiz.de/10012404477
The world will experience dramatic demographic change over this century. This paper examines the impacts of this global demographic change on the Australian economy at both the aggregate and sectoral levels in a global multi-region and multi-sector general equilibrium model. Using a detailed...
Persistent link: https://www.econbiz.de/10012838076
We assess the impact of population structure on economic growth. Following recent research, we focus on the generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the generational turnover, depending on the age-profile of...
Persistent link: https://www.econbiz.de/10010477584
This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....
Persistent link: https://www.econbiz.de/10014337818
This study evaluated the impact of demographic structure on Nigeria's economic growth over the period between 1981 and 2016. Employing the Autoregressive Distributed Lag (ARDL) framework and granger causality test, this study confirms the existence of a long-run relationship between the...
Persistent link: https://www.econbiz.de/10012842370
Numerous recent empirical studies underscore the adverse impacts of an aging population on economic growth. This could stem from reduced labor force participation and productivity among older workers, or the potential for aging to result in an imbalance between savings and desired investment,...
Persistent link: https://www.econbiz.de/10014530798
Based on a sample of 126 countries over the period of 1970 to 2019 and 5-year nonoverlapping growth regressions, this study has revealed the existence of an inverted U-shaped aging population Kuznets curve. The threshold levels below (above) which aging population potentially promotes (hampers)...
Persistent link: https://www.econbiz.de/10014257774
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'...
Persistent link: https://www.econbiz.de/10013329396
During recent years there has been an increasing awareness of the explanatory power of demographic variables in economic growth regressions. We estimate a new model of the effects of age structure change on economic growth. We use the new model and recent probabilistic demographic projections...
Persistent link: https://www.econbiz.de/10010355620
Persistent link: https://www.econbiz.de/10010532741