Aging, Fertility and Macroeconomic Dynamics

Aurelien Eyquem () and Masashige Hamano
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Aurelien Eyquem: University of Lausanne, CH

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: A tractable model with heterogeneous households is proposed to analyze the two-way interactions between demographic and macroeconomic variables. Total population and labor-market participation are both endogenous and affected by economic as well as demographic factors. We perform a quantitative exercise focusing on trend dynamics based on Japanese data. Our counterfactual analysis reveals the role of labor-market participation costs, sunk costs of raising newborns, and technology progress.

Keywords: Heterogeneous workers; Aging; Productivity; Labor markets. (search for similar items in EconPapers)
JEL-codes: E20 J11 J13 J21 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-age, nep-dge and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:25-06

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