Inter‐temporal and Inter‐industry Effects of Population Ageing: A General Equilibrium Assessment for Canada

Nabil Annabi (), Maxime Fougère and Simon Harvey

LABOUR, 2009, vol. 23, issue 4, 609-651

Abstract: Abstract. This paper examines the inter‐industry and labour market occupational effects of future demographic changes in Canada, using a computable overlapping‐generations model. In addition to the impact of slower labour force growth, the model captures the shift in sectoral composition of final demand of older individuals. The simulation results indicate that the growth in real GDP per capita could decline by nearly one percentage point between 2006 and 2050. The results also suggest that the equilibrium unemployment rate is likely to decline by more than two percentage points in the long run. However, the impact varies significantly at the occupational level.

Date: 2009
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https://doi.org/10.1111/j.1467-9914.2009.00464.x

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Working Paper: Inter-temporal and Inter-Industry Effects of Population Ageing: A General Equilibrium Assessment for Canada (2009)
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