Demographics, Productivity Growth and the Macroeconomic Equilibrium
AbstractThis paper investigates the economic effects of demographics and productivity growth in an intertemporal optimizing model with age-based heterogeneity and induced retirement. The author's analysis reveals that the projected 'population aging' is likely to increase the growth rate of output and to improve the welfare of the economy, especially if there are no distortional policies that prevent retirement decisions from adjusting endogenously to the demographic changes. The economy also displays different patterns of dynamic adjustment in the quantity and price variables depending upon whether retirement is endogenous. Copyright 1995 by Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 33 (1995)
Issue (Month): 4 (October)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://ei.oupjournals.org/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ben J. Heijdra & Ward E. Romp, 2007.
"Retirement, Pensions, and Ageing,"
CESifo Working Paper Series
1974, CESifo Group Munich.
- K Blackburn & G P Cipriani, 2002.
"Intergenerational Transfers and Demographic Transition,"
The School of Economics Discussion Paper Series
0218, Economics, The University of Manchester.
- Blackburn, Keith & Cipriani, Giam Pietro, 2005. "Intergenerational transfers and demographic transition," Journal of Development Economics, Elsevier, vol. 78(1), pages 191-214, October.
- K Blackburn & G P Cipriani, 2002. "Intergenerational Transfers and Demographic Transition," Centre for Growth and Business Cycle Research Discussion Paper Series 14, Economics, The Univeristy of Manchester.
- Hu, Sheng-Cheng, 1999. "Economic Growth in the Perpetual-Youth Model: Implications of the Annuity Market and Demographics," Journal of Macroeconomics, Elsevier, vol. 21(1), pages 107-124, January.
- Zhang, Junsen & Zhang, Jie & Lee, Ronald, 2001. "Mortality decline and long-run economic growth," Journal of Public Economics, Elsevier, vol. 80(3), pages 485-507, June.
- Dutta, Mousumi & Husain, Zakir & Chowdhary, Nidhi, 2012.
"Is health wealth? Results of a panel data analysis,"
39953, University Library of Munich, Germany.
- Zakir Husain & Mousumi Dutta & Nidhi Chowdhary, 2014. "Is Health Wealth? Results of a Panel Data Analysis," Social Indicators Research, Springer, vol. 117(1), pages 121-143, May.
- Zhang, Jie & Zhang, Junsen, 2001. "Longevity and economic growth in a dynastic family model with an annuity market," Economics Letters, Elsevier, vol. 72(2), pages 269-277, August.
- Echevarria, Cruz A., 2004. "Life expectancy, retirement and endogenous growth," Economic Modelling, Elsevier, vol. 21(1), pages 147-174, January.
- Echevarría Olave, Cruz Angel, 2003. "Life Expectancy, Schooling Time and Endogenous Growth," DFAEII Working Papers 2002-11, University of the Basque Country - Department of Foundations of Economic Analysis II.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.