Asymptotic age structures and intergenerational trade
Abstract
While demographers Lotka (1939) and Lopez (1961) proposed conditions on (exogenous) fertility and mortality laws under which populations with distinct initial age structures exhibit the same asymptotic age structure, this paper re-examines the issues of age structure stabilization and convergence, by considering a population whose fertility and mortality are endogenously determined in the economy. For that purpose, we develop a three-period OLG model where human capital accumulation and intergenerational trade affect fertility and longevity. It is shown that the age structure must converge asymptotically towards a stable structure, whose form depends on the structural parameters of the economy. Moreover, populations with distinct initial age structures will end up with the same long-run age structure when fertility and mortality laws are converging, which requires converging terms of trade between coexisting generations in the different populations under study.Download Info
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Paper provided by HAL in its series PSE Working Papers with number halshs-00575003.Length:
Date of creation: Sep 2009
Date of revision:
Handle: RePEc:hal:psewpa:halshs-00575003
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00575003
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Web page: http://hal.archives-ouvertes.fr/
Related research
Keywords: age structure ; OLG model ; fertility ; mortality ; demographic transition ; intergenerational trade;Other versions of this item:
- Gregory Ponthiere, 2011. "Asymptotic Age Structures And Intergenerational Trade," Metroeconomica, Wiley Blackwell, vol. 62(1), pages 175-217, 02.
- NEP-AGE-2011-03-19 (Economics of Ageing)
- NEP-ALL-2011-03-19 (All new papers)
- NEP-DGE-2011-03-19 (Dynamic General Equilibrium)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- de la Croix, David & Lindh, Thomas & Malmberg, Bo, 2009. "Demographic change and economic growth in Sweden: 1750-2050," Journal of Macroeconomics, Elsevier, vol. 31(1), pages 132-148, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Laura Leker & Grégory Ponthière, 2012. "Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited," PSE Working Papers halshs-00715104, HAL.
- Laura Leker & Grégory Ponthière, 2012. "Education, Life Expectancy and Family Bargaining: The Ben-Porath Effect Revisited," Working Papers halshs-00715104, HAL.
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