The Impact of Population Ageing on the Labour Market: Evidence from Overlapping Generations Computable General Equilibrium (OLG-CGE) Model of Scotland

Katerina Lisenkova, Mérette, Marcel and Robert Wright

No 2012-90, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

Abstract: This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market. More specifically, it is used to evaluate the effects of labour force decline and labour force ageing on key macro-economic variables. The second effect is assumed to operate through age-specific productivity and labour force participation. In the analysis, particular attention is paid to how population ageing impinges on the government expenditure constraint. The basic structure of the model follows in the Auerbach and Kotlikoff tradition. However, the model takes into consideration directly age-specific mortality. This is analogous to building in a cohort-component population projection structure to the model, which allows more complex and more realistic demographic scenarios to be considered.

Keywords: CGE modelling; population ageing; Scotland (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (14)

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Related works:
Working Paper: The Impact of Population Ageing on the Labour Market: Evidence from an Overlapping Generations Computable General Equilibrium (OLG-CGE) Model of Scotland (2012)
Working Paper: The Impact of Population Ageing on the Labour Market: Evidence from Overlapping Generations Computable General Equilibrium (OLG-CGE) Model of Scotland (*) (2012)
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