Reference : Population Aging and Inventive Activity
Scientific journals : Article
Business & economic sciences : Macroeconomics & monetary economics
Sustainable Development
Population Aging and Inventive Activity
Irmen, Andreas mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Economics and Management (DEM) >]
Litina, Anastasia mailto [University of Macedonia > Department of Economcis]
Macroeconomic Dynamics
Cambridge University Press
United Kingdom
[en] Population Aging ; Inventive Activity ; Panel Estimation
[en] This research empirically establishes and interprets the hypothesis that the relationship
between population aging and inventive activity is hump-shaped. We estimate a reduced
form, hump-shaped relationship in a panel of 33 OECD countries over the period
1960–2012, as well as in a panel of 248 NUTS 2 regions in Europe over the period
2001–2012. The increasing part of the hump may be associated with various channels
including the acknowledgement that population aging requires inventive activity to
guarantee current and future standards of living, or the observation that older educated
workers are more innovative than their young peers. The decreasing part may reflect the
tendency of aging societies to lose dynamism and the willingness to take risks.
University of Luxembourg - UL
R-AGR-0519 > Agecon-C > 01/05/2015 - 30/04/2017 > IRMEN Andreas

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