Automation, fertility, and labor share in an aging, overlapping generations economy

Akira Yakita

Economics Bulletin, 2022, vol. 42, issue 2, 889 - 894

Abstract: This paper presents an analysis of the effect of population aging on automation in production using an overlapping generations model with endogenous fertility decisions by individuals. Population aging induces individuals to reduce the number of children they have to prepare for a longer (expected) retirement. If an extension of life expectancy substantially reduces the fertility rate, then population aging decreases the automation capital per worker. However, population aging lowers the labor share.

Keywords: population aging; automation; labor share (search for similar items in EconPapers)
JEL-codes: J1 O3 (search for similar items in EconPapers)
Date: 2022-06-30
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