Age Structure Effects and Growth in the OECD, 1950-90: Further Evidence

Thomas Lindh and Bo Malmberg
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Bo Malmberg: Institute for Housing Research, Postal: Uppsala University, Box 785, SE-801 29 Gävle, Sweden

No 1996:12, Working Paper Series from Uppsala University, Department of Economics

Abstract: Economic growth depends on human resources and human needs. The demographic age structure shapes both of these factors. We study five-year data from the OECD countries 1950-90 in the framework of a human capital augmented neoclassical growth model with gradual technical adjustment due to technology barriers. The growth patterns of GDP per worker (labor productivity) in the OECD countries are to a large extent explained by age structure changes. The 50-64 age group has a positive influence, and the group above 65 contributes negatively, while younger age groups have ambiguous effects. This paper shows that previously reported regression results are robust to a wide variety of sensitivity test: inclusion of educational and other control variables; time window definitions; age group definitions; outliers and heteroskedasticity corrections, etc.

Keywords: growth; age structure; technology barriers; human capital; convergence (search for similar items in EconPapers)
JEL-codes: J11 O40 O57 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1996-08-23
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Citations: View citations in EconPapers (4)

Published in Journal of Population Economics, 1999, pages 431-449.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:uunewp:1996_012

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