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Population ageing and endogenous economic growth

Klaus Prettner ()

No 908, VID Working Papers from Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna

Abstract: This article investigates the consequences of population ageing for longrun economic growth perspectives. We introduce population ageing into a generalized model of endogenous technological change incorporating the model of Romer (1990) and Jones (1995) as special cases. We find that increases in longevity have positive effects on steady state per capita output growth in endogenous as well as in semiendogenous growth models. In the latter case, the positive dependence can also be shown for the equilibrium growth rate during transition to the steady state.

Keywords: population ageing; endogenous technological change; long-run economic growth. (search for similar items in EconPapers)
Pages: 31 pages
Date: 2009-08
New Economics Papers: this item is included in nep-age, nep-dev, nep-dge and nep-fdg
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Related works:
Journal Article: Population aging and endogenous economic growth (2013) Downloads
Working Paper: Population aging and endogenous economic growth (2011) Downloads
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