| 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| Scientific congresses, symposiums and conference proceedings : Unpublished conference | |||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  [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 | |
| F2R-CRE-PUL-15AGEC > Agecon-C > 01/05/2015 - 30/04/2017 > IRMEN Andreas | |
| Researchers ; Students | |
| http://hdl.handle.net/10993/22973 |
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