Reference : Capital- and Labor-Saving Technical Change in an Aging Economy
Scientific congresses, symposiums and conference proceedings : Unpublished conference
Business & economic sciences : General economics & history of economic thought
http://hdl.handle.net/10993/22973
Capital- and Labor-Saving Technical Change in an Aging Economy
English
Irmen, Andreas mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2015
Yes
International
29th Annual conference of the European Society for Population Economics
June 2015
European Society for Population Economics
Izmir
Turkey
[en] Population Aging ; Demographic Transition ; Capital Accumulation ; Endogenous Technical Change ; Capital- and Labor-Saving Technical Change ; Direction of Technical Change
[en] Does population aging and the associated increase in the old-age dependency ratio affect economic growth ? The answer is given in a novel analytical framework that allows for population aging to affect endogenous capital- and labor-saving technical change. In steady state capital-saving technical progress vanishes, and the economy’s growth rate of per-capita variables reflects only labor-saving technical change. The mere possibility of capital-saving technical change is shown to imply that the economy’s steady-state growth rate becomes independent of its age structure: neither a higher life-expectancy nor a decline in fertility affects economic growth in the long run.
CREA
University of Luxembourg - UL
Researchers ; Students
http://hdl.handle.net/10993/22973

There is no file associated with this reference.

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.