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

Marcel Mérette, Katerina Lisenkova and Robert Wright ()

No 4382, EcoMod2012 from EcoMod

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. See above See above

Keywords: Scotland; General equilibrium modeling (CGE); Labor market issues (search for similar items in EconPapers)
Date: 2012-07-01
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Citations: View citations in EconPapers (14)

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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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Persistent link: https://EconPapers.repec.org/RePEc:ekd:002672:4382

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