This article investigates the consequences of population aging for long-run economic growth perspectives. We introduce age specific heterogeneity of households into a model of endogenous technological change. We show that the model incorporates two standard specifications of horizontal...

How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital...

In dieser Arbeit werden mittels eines Strukturellen Multivariaten Fehlerkorrekturmodells die Beziehungen zwischen den zwei stark integrierten asymmetrischen Volkswirtschaften Österreich und Deutschland untersucht. Im ersten Teil werden, auf Basis des dynamisch optimalen Verhaltens von...