In recent decades, most industrialized countries experienced declining population growth rates caused by declining …-run economic growth by setting forth an R&D-based growth model including an analytically tractable demographic structure. Our … results show that, in response to demographic change, technological progress and economic growth accelerate in the medium run …

In recent decades, most industrialized countries experienced declining population growth rates caused by declining …-run economic growth by setting forth an R&D-based growth model including an analytically tractable demographic structure. Our … results show that, in response to demographic change, technological progress and economic growth accelerate in the medium run …

This paper studies the effects of demographic structure on the cyclical volatility of aggregate consumption. We first … document that young households have more volatile consumption expenditures in business cycles than prime-aged ones. Then, we … identify large effects of demographic composition on cyclical volatility of consumption using variations of population age …

This paper focuses on an empirical analysis of the dependency between age structure and aggregate consumption and the … composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a … simulation experiment. Finally, the model is used to ascertain the effect on the recent Swedish tax reform on savings …

consideration of possible time paths for savings, consumption, debt, and other relevant macroeconomic variables; nor have explicit … envisaged by current policy. The cost of ageing in terms of reduced real consumption is not large enough to justify large … additional savings beyond those currently predicted, and the concomitant reduction in current consumption. The findings …