Inter-temporal and Inter-industry Effects of Population Ageing: A General Equilibrium Assessment for Canada
AbstractThis paper examines the inter-industry and labour market occupational effects of future demographic changes in Canada, using a computable overlapping-generations model. In addition to the impact of slower labour force growth, the model captures the shift in sectoral composition of final demand of older individuals. The simulation results indicate that the growth in real GDP per capita could decline by nearly one percentage point between 2006 and 2050. The results also suggest that the equilibrium unemployment rate is likely to decline by more than two percentage points in the long run. However, the impact varies significantly at the occupational level. Copyright 2009 CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by CEIS in its journal LABOUR.
Volume (Year): 23 (2009)
Issue (Month): 4 (December)
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Other versions of this item:
- Annabi, Nabil & FougÃ¨re, Maxime & Harvey, Simon, 2009. "Inter-temporal and Inter-Industry Effects of Population Ageing: A General Equilibrium Assessment for Canada," CLSRN Working Papers clsrn_admin-2009-44, UBC Department of Economics, revised 22 Jul 2009.
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
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- Annabi, Nabil & Harvey, Simon & Lan, Yu, 2011. "Public expenditures on education, human capital and growth in Canada: An OLG model analysis," Journal of Policy Modeling, Elsevier, vol. 33(6), pages 852-865.
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