had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster pace … give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and …

demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …

This paper considers how increasing longevity and declining birth rates affect market entry and endogenous productivity … contraction in the labor force through a decline in the working-age population. Firm-level investment in process innovation … generates productivity growth, and with imperfect knowledge diffusion the country with the larger labor force has a greater …