Population Aging in Canada: Software for Exploring the Implications for the Labour Force and the Productive Capacity of the Economy

Frank Denton, Christine Feaver and Byron Spencer

Quantitative Studies in Economics and Population Research Reports from McMaster University

Abstract: This report has two purposes: (1) to introduce a new version of the MEDS (Models of the Economic Demographic System) software; and (2) to apply it in a series of illustrative projections. The software is designed to illustrate the medium- to longer-term responses of the Canadian population and economy to a wide range of factors on either the demographic side, such as changes in rates of fertility, migration, and mortality, or the economic side, such as changes in the rate of technical progress or the educational attainment of young people or of new immigrants. "Standard" projections are provided, together with nineteen alternative projections. (For some illustrative projections, see http://socserv.mcmaster.ca/qsep.) The range of projections indicates the breadth of applications for which MEDS has been designed. It serves also to provide some quantitative measures of the likely demographic and economic consequences of population aging, and indicates the scope for evaluating policy initiatives by means of simulation.

Keywords: macroeconomic projections; economic-demographic system (search for similar items in EconPapers)
JEL-codes: E10 E17 (search for similar items in EconPapers)
Pages: 152 pages
Date: 2005-12
New Economics Papers: this item is included in nep-bec and nep-mac
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Related works:
Working Paper: Population Aging in Canada: Software for Exploring the Implications for the Labour Force and the Productive Capacity of the Economy (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:qseprr:403

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