Arbeitspapier
On the long-run growth effect of raising the retirement age
We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in research and development based endogenous growth models. This contrasts recent findings based on models of learning-by-doing-spillovers, in which an increase in the retirement age reduces physical capital accumulation and thereby economic growth. Our results imply that models based on learning-by-doing-spillovers, which are often used as a short-cut formulation for research and development based growth models, do not necessarily lead to similar policy conclusions.
- Language
-
Englisch
- Bibliographic citation
-
Series: ECON WPS ; No. 10/2016
- Classification
-
Wirtschaft
Demographic Economics: General
Retirement; Retirement Policies
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
One, Two, and Multisector Growth Models
- Subject
-
demographic change
pension reform
long-run economic growth
R&D-based growth
- Event
-
Geistige Schöpfung
- (who)
-
Kuhn, Michael
Prettner, Klaus
- Event
-
Veröffentlichung
- (who)
-
Vienna University of Technology, Institute of Statistics and Mathematical Methods in Economics, Research Group Economics
- (where)
-
Vienna
- (when)
-
2016
- 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
- Kuhn, Michael
- Prettner, Klaus
- Vienna University of Technology, Institute of Statistics and Mathematical Methods in Economics, Research Group Economics
Time of origin
- 2016
Other Objects (12)
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Public education, technological change and economic prosperity: semi-endogenous growth revisited
Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?
Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?
The implications of automation for economic growth and the labor share
Public education, technological change and economic prosperity
Public education and R&D-based economic growth
Population ageing and endogenous economic growth
The implications of automation for economic growth and the labor share of income
Population aging and endogenous economic growth
Public education and economic prosperity: Semi-endogenous growth revisited
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Public education, technological change and economic prosperity: semi-endogenous growth revisited
Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?
Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?
The implications of automation for economic growth and the labor share
Public education, technological change and economic prosperity
Public education and R&D-based economic growth
Population ageing and endogenous economic growth
The implications of automation for economic growth and the labor share of income
Population aging and endogenous economic growth
Public education and economic prosperity: Semi-endogenous growth revisited
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Public education, technological change and economic prosperity: semi-endogenous growth revisited
Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?
Relative consumption, relative wealth, and long-run growth: When and why is the standard analysis prone to erroneous conclusions?
The implications of automation for economic growth and the labor share
Public education, technological change and economic prosperity
Public education and R&D-based economic growth
Population ageing and endogenous economic growth
The implications of automation for economic growth and the labor share of income
Population aging and endogenous economic growth