The Impact of Population Ageing on Technological Progress and TFP Growth, with Application to United States: 1950-2050

Yusuf Izmirlioglu

MPRA Paper from University Library of Munich, Germany

Abstract: I examine the effect of age-distribution of the society on economic growth through technological progress. I build a multisector economy model that involves population pyramid. I characterize the steady-state of the model for low and high population growth rate. Higher population growth rate yields faster TFP and output growth in the long-run. I analyze dynamic behavior of the economy. I calibrate the model for United States, 1950-2000 and using the estimated parameters I make predictions about the impact of population ageing on economic growth.

Keywords: Population Ageing; Demographic Transition; TFP Growth; Technological Progress; Economic Growth Forecast; United States (search for similar items in EconPapers)
JEL-codes: J11 O11 O32 O33 O41 (search for similar items in EconPapers)
Date: 2008-12-05
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Citations: View citations in EconPapers (1)

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