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 … the sign and magnitude of generational turnover and its impact on consumption growth. We find considerable cross …

The economic impact of Articial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel … features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the … demand and slow down GDP growth, even in the face of the positive technology shock that AI entails. If the elasticity of …

China's growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings … investigate the general equilibrium effects on capital accumulation and growth. We show that increased savings and capital …

productivity growth and Social Security. The Netherlandsexperienced a steady growth after World War II. At the same time, it also … built up a very extensive welfaresystem. Our empirical findings show that productivity growth goes a long way in explaining … differences inincome across cohorts. Productivity growth and Social Security can explain most, if not all, of thedifferences in …

The primary purpose of the paper is to capture in a growth model the conflict of interests between the generation of …

relationship between foreign idiosyncratic shocks and domestic economic growth between 1978 and 2000. Contemporaneous changes in … associated with a 0.05-0.26 pp increase in economic growth. Lastly, this can potentially explain the Great Moderation. …

pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical …