Demographic Dynamics and the Empirics of Economic Growth
AbstractThis paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age groups. Third, it constructs a panel database of effective labor supply in order to reflect the changing age-structure of the population. Fourth, it decomposes the historical measured growth rates into effects of demographic dynamics and into “real” growth rates, net of demographic effects.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 94/143.
Date of creation: 01 Dec 1994
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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