Population aging and endogenous economic growth
Klaus Prettner
Journal of Population Economics, 2013, vol. 26, issue 2, 834 pages
Abstract:
We investigate the consequences of population aging for long-run economic growth perspectives. Our framework incorporates endogenous growth models and semi-endogenous growth models as special cases. We show that (1) increases in longevity have a positive impact on per capita output growth, (2) decreases in fertility have a negative impact on per capita output growth, (3) the positive longevity effect dominates the negative fertility effect in case of the endogenous growth framework, and (4) population aging fosters long-run growth in the endogenous growth framework, while its effect depends on the relative change between fertility and mortality in the semi-endogenous growth framework. Copyright The Author(s) 2013
Keywords: Demographic change; Technological progress; Long-run economic growth (search for similar items in EconPapers)
Date: 2013
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Working Paper: Population aging and endogenous economic growth (2011)
Working Paper: Population ageing and endogenous economic growth (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:26:y:2013:i:2:p:811-834
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DOI: 10.1007/s00148-012-0441-9
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