Quantifying the Effects of the Demographic Transition in Developing Economies

Orazio P. Attanasio, Sagiri Kitao () and Giovanni L. Violante
Additional contact information
Orazio P. Attanasio: University College London
Giovanni L. Violante: New York University

The B.E. Journal of Macroeconomics, 2006, vol. advances.6, issue 1

Abstract: This paper evaluates quantitatively the impact of the observed demographic transition on aggregate variables (factor prices, saving rate, output growth), and on inter-generational welfare in developing economies. It does so by developing a large-scale two-region equilibrium overlapping generations model calibrated to the North (more developed countries) and the South (less developed countries). The paper highlights that the effects of the demographic trends for less developed regions may depend on the degree of international capital mobility and on the extent to which the large Pay-As-You-Go systems in place in the more developed world will be reformed.

Keywords: capital flows; demographic transition; developing economies; growth; social security; welfare (search for similar items in EconPapers)
JEL-codes: E21 F43 J11 O57 (search for similar items in EconPapers)
Date: 2006
View citations in EconPapers

Downloads: (external link)
http://www.bepress.com/cgi/viewcontent.cgi?article=1298&context=bejm (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bpj:bejmac:v:advances.6:y:2006:i:1:n:2

Access Statistics for this article

More articles in The B.E. Journal of Macroeconomics from Berkeley Electronic Press
Series data maintained by Avi Warner ().