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Abstract

We study how economic growth is affected by demographics in an overlapping generations model with a realistic survival law. Individuals optimally chose the dates at which they leave school to enter the labor market and at which they retire. Endogenous growth arises thanks to the accumulation of generation-specific human capital. Favorable shifts in the survival probabilities always induce longer schooling and later retirement but have an ambiguous effect on growth. The relationship between the growth of population and per-capita growth is hump-shaped. Increases in longevity can be responsible for a switch from a no-growth regime to a sustained growth regime and for a positive relationship between fertility and growth to vanish.

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Bibliographic Info

Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2000007.

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Length: 30
Date of creation: 01 Feb 2000
Date of revision:
Handle: RePEc:ctl:louvir:2000007

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Postal: Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium)
Fax: +32 10473945
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Web page: http://www.uclouvain.be/ires
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Related research

Keywords: Human capital; longevity; fertility; growth; schooling;

Other versions of this item:

Find related papers by JEL classification:

• O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
• I20 - Health, Education, and Welfare - - Education - - - General
• J10 - Labor and Demographic Economics - - Demographic Economics - - - General

This paper has been announced in the following NEP Reports:

• NEP-ALL-2002-02-10 (All new papers)
• NEP-DEV-2002-02-10 (Development)

References

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