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Population Aging in Canada: Software for Exploring the Implications for the Labour Force and the Productive Capacity of the Economy

Frank Denton, Christine Feaver and Byron Spencer

Social and Economic Dimensions of an Aging Population Research Papers from McMaster University

Abstract: This report has two purposes: (1) to introduce a new version of the MEDS (Models of the Economic Demographic System) software; and (2) to apply it in a series of illustrative projections. The software is designed to illustrate the medium- to longer-term responses of the Canadian population and economy to a wide range of factors on either the demographic side, such as changes in rates of fertility, migration, and mortality, or the economic side, such as changes in the rate of technical progress or the educational attainment of young people or of new immigrants. "Standard" projections are provided, together with nineteen alternative projections. (For some illustrative projections, see http://socserv.mcmaster.ca/qsep.) The range of projections indicates the breadth of applications for which MEDS has been designed. It serves also to provide some quantitative measures of the likely demographic and economic consequences of population aging, and indicates the scope for evaluating policy initiatives by means of simulation.

Keywords: population; labour force; economy; projection system (search for similar items in EconPapers)
JEL-codes: J11 E17 C88 (search for similar items in EconPapers)
Pages: 153 pages
Date: 2005-12
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Working Paper: Population Aging in Canada: Software for Exploring the Implications for the Labour Force and the Productive Capacity of the Economy (2005) Downloads
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