Irmen, Andreas - Centre de Recherche en Économie Appliquée (CREA), … - 2013
Does population aging and the associated increase in the old-age dependency ratio affect economic growth ? The answer … is given in a novel analytical framework that allows for population aging to affect endogenous capital- and labor …-saving technical change. The short-run analysis reveals that population aging induces more labor- and less capital-saving technical …