Arbeitspapier
The Demographic Transition in Closed and Open Economies: A Tale of Two Regions
This paper constructs a general equilibrium overlapping generation model to evaluate quantitatively how demographic transition (falling mortality and fertility rates) affects aggregate variables (wages, interest rate, output), and inter-generational welfare in closed and open economies. We perform this analysis for two economies calibrated to resemble the North (US and Europe) and Latin America. Our simulations suggest that the demographic transition could have generated income per capita growth up to 0. 5% per year in excess of steady-state growth in the past 50 years in Latin America and 0. 3% in the North.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 412
- Classification
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Wirtschaft
- Subject
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Offene Volkswirtschaft
Overlapping Generations
Wohlfahrtsanalyse
Nordamerika
Europa
Lateinamerika
Demographischer Übergang
- Event
-
Geistige Schöpfung
- (who)
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Violante, Giovanni L.
Attanasio, Orazio P.
- Event
-
Veröffentlichung
- (who)
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Inter-American Development Bank, Research Department
- (where)
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Washington, DC
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Violante, Giovanni L.
- Attanasio, Orazio P.
- Inter-American Development Bank, Research Department
Time of origin
- 2000
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