Population Ageing and Endogenous Economic Growth
Population Ageing and Endogenous Economic Growth
We investigate the consequences of population aging for long-run economic growth perspectives. Our framework incorporates endogenous growth models and semi-endogenous growth models as special cases. We show that (1) increases in longevity have a positive impact on per capita output growth, (2) decreases in fertility have a negative impact on per capita output growth, (3) the positive longevity effect dominates the negative fertility effect in case of the endogenous growth framework, and (4) population aging fosters long-run growth in the endogenous growth framework, while its effect depends on the relative change between fertility and mortality in the semi-endogenous growth framework.Electronic supplementary material The online version of this article (doi:10.1007/s00148-012-0441-9) contains supplementary material, which is available to authorized users.
- Harvard University United States
- WU Austria
- University of Göttingen Germany
- Austrian Academy of Sciences Austria
- Peterson Institute for International Economics United States
Population ageing, Economics and Econometrics, Original Paper, ddc:330, J10, O41, population aging, long-run economic growth, Alternde Bevölkerung, C61, Neoklassisches Wachstumsmodell, endogenous technological change, Endogener technischer Fortschritt, population aging, endogenous technological change, longrun economic growth, Theorie, Demography
Population ageing, Economics and Econometrics, Original Paper, ddc:330, J10, O41, population aging, long-run economic growth, Alternde Bevölkerung, C61, Neoklassisches Wachstumsmodell, endogenous technological change, Endogener technischer Fortschritt, population aging, endogenous technological change, longrun economic growth, Theorie, Demography
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