 Automation, education, and population: Dynamic effects in an OLG growth and fertility modelCatarina Peralta and Pedro Gil Journal of Economic Behavior & Organization, 2025, vol. 234, issue C Abstract: We address two main structural changes occurring in developed countries: the rise of automation and population ageing. Using an R&D-based growth model under an OLG framework, we consider education and fertility decisions, as well as automation in the production process, to explore the interplay between population ageing and automation. The results reveal dynamics that align with the US trends from 1970 to 2021. In particular, in response to increasing real wages, the model captures a decline in the fertility rate for low-skilled workers but an increase for high-skilled workers, consistent with observed data. We also analyze the model’s response to shocks related to automation and demographics (fertility vs. longevity), as well as policy instruments designed to reduce inequality. Keywords: Ageing; Automation; Economic growth; Education; Endogenous fertility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:234:y:2025:i:c:s0167268125001222 DOI: 10.1016/j.jebo.2025.107002 Access Statistics for this article Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D. More articles in Journal of Economic Behavior & Organization from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.