Population ageing and endogenous economic growth

Arbeitspapier

This article investigates the consequences of population ageing for long-run 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 semi-endogenous growth models. In the latter case, the positive dependence can also be shown for the equilibrium growth rate during transition to the steady state.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Vienna Institute of Demography Working Papers ; No. 8/2009

Classification and Topics

• Classification: Wirtschaft ; One, Two, and Multisector Growth Models ; Demographic Economics: General ; Optimization Techniques; Programming Models; Dynamic Analysis
• Subject: Population ageing ; endogenous technological change ; long-run economic growth ; Alternde Bevölkerung ; Endogener technischer Fortschritt ; Neoklassisches Wachstumsmodell ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Prettner, Klaus
• Event: Veröffentlichung
• (who): Austrian Academy of Sciences (ÖAW), Vienna Institute of Demography (VID)
• (where): Vienna
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/96996
• Last update: 10.03.2025, 11:43 AM CET