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Age Structure Effects and Growth in the OECD, 1950-90: Further Evidence

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Author Info

  • Lindh, Thomas

    ()
    (Department of Economics)

  • Malmberg, Bo

    (Institute for Housing Research)

Abstract

Economic growth depends on human resources and human needs. The demographic age structure shapes both of these factors. We study five-year data from the OECD countries 1950-90 in the framework of a human capital augmented neoclassical growth model with gradual technical adjustment due to technology barriers. The growth patterns of GDP per worker (labor productivity) in the OECD countries are to a large extent explained by age structure changes. The 50-64 age group has a positive influence, and the group above 65 contributes negatively, while younger age groups have ambiguous effects. This paper shows that previously reported regression results are robust to a wide variety of sensitivity test: inclusion of educational and other control variables; time window definitions; age group definitions; outliers and heteroskedasticity corrections, etc.

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Bibliographic Info

Paper provided by Uppsala University, Department of Economics in its series Working Paper Series with number 1996:12.

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Length: 38 pages
Date of creation: 23 Aug 1996
Date of revision:
Publication status: Published in Journal of Population Economics, 1999, pages 431-449.
Handle: RePEc:hhs:uunewp:1996_012

Contact details of provider:
Postal: Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden
Phone: + 46 18 471 25 00
Fax: + 46 18 471 14 78
Email:
Web page: http://www.nek.uu.se/
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Related research

Keywords: growth; age structure; technology barriers; human capital; convergence;

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Cited by:
  1. Lindh, Thomas & Malmberg, Bo, 1998. "Age structure and inflation - a Wicksellian interpretation of the OECD data," Journal of Economic Behavior & Organization, Elsevier, vol. 36(1), pages 19-37, July.
  2. Angela Luci & Olivier Thévenon, 2010. "Does economic development drive the fertility rebound in oecd countries ?," Working Papers 167, Institut National d'Études Démographiques (INED).
  3. Persson, Joakim, 1999. "Demographic and Per Capita Income Dynamics: A Convergence Study on Demographics, Human Capital, and Per Capita Income for the US States," Working Paper Series 156, Trade Union Institute for Economic Research.

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