Population Aging and Inventive Activity

Irmen, Andreas; Litina, Anastasia

doi:10.1017/S1365100520000516

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Population Aging and Inventive Activity

Irmen, Andreas; Litina, Anastasia

2022 • In Macroeconomic Dynamics, 26, p. 1127-1161

Peer Reviewed verified by ORBi

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https://hdl.handle.net/10993/52843

DOI
10.1017/S1365100520000516

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Keywords :

Population Aging; Inventive Activity; Panel Estimation

Abstract :

[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.

Disciplines :

Macroeconomics & monetary economics

Author, co-author :

Irmen, Andreas ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Economics and Management (DEM)

Litina, Anastasia; University of Macedonia > Department of Economcis

External co-authors :

yes

Language :

English

Title :

Population Aging and Inventive Activity

Publication date :

2022

Journal title :

Macroeconomic Dynamics

ISSN :

1469-8056

Publisher :

Cambridge University Press, United Kingdom

Volume :

Pages :

1127-1161

Peer reviewed :

Peer Reviewed verified by ORBi

Focus Area :

Sustainable Development

Name of the research project :

R-AGR-0519 - IRP15 - Agecon-C (20150501-20190701) - IRMEN Andreas

Funders :

University of Luxembourg - UL

Available on ORBilu :

since 22 November 2022

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