Demography In Macroeconomic Models: When Labour Supply Matters For Economic Cycles
The issue of the onset of Malthusian cycles is investigated by means of a demo-economic model incorporating the age structure of the population. It is shown that the delayed recruitment into the labour force is a major source of demo-economic instability, potentially leading to sustained oscillations. We also compare different modelling strategies for age structure, by showing that the results of our general model are borne out by those provided by a simpler model, based on a representation of age structure via time delays, which allows a deeper mathematical analysis. This suggests that simplified delay models may be of great help in understanding the qualitative properties of complex age structure models. Copyright � 2006 The Authors; Journal compilation � 2006 Blackwell Publishing Ltd.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 57 (2006)
Issue (Month): 4 (November)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0026-1386|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0026-1386|
References listed on IDEAS
Please 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.:
- Day, Richard H & Kim, Kyoo-Hong & Macunovich, Diane, 1989.
"Complex Demoeconomic Dynamics,"
Journal of Population Economics,
Springer, vol. 2(2), pages 139-59.
- Blundell, Richard & Ham, John & Meghir, Costas, 1998. "Unemployment, discouraged workers and female labour supply," Research in Economics, Elsevier, vol. 52(2), pages 103-131, June.
- Charles I. Jones, .
"Population and Ideas: A Theory of Endogenous Growth,"
98014, Stanford University, Department of Economics.
- Charles I. Jones, 1997. "Population and Ideas: A Theory of Endogenous Growth," NBER Working Papers 6285, National Bureau of Economic Research, Inc.
- Charles I. Jones, . "Population and Ideas: A Theory of Endogenous Growth," Working Papers 97018, Stanford University, Department of Economics.
- Hans-Peter Kohler & Francesco C. Billari & José Antonio Ortega, 2002. "The Emergence of Lowest-Low Fertility in Europe During the 1990s," Population and Development Review, The Population Council, Inc., vol. 28(4), pages 641-680.
- Harvie, David, 2000. "Testing Goodwin: Growth Cycles in Ten OECD Countries," Cambridge Journal of Economics, Oxford University Press, vol. 24(3), pages 349-76, May.
- Feichtinger, Gustav & Dockner, Englebert J, 1990. "Capital Accumulation, Endogenous Population Growth, and Easterlin Cycles," Journal of Population Economics, Springer, vol. 3(2), pages 73-87, August.
- Alfred Tella, 1964. "The relation of labor force to employment," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 17(3), pages 454-469, April.
- Carl Chiarella & Peter Flaschel, 1999. "Disequilibrium Growth Theory: Foundations, Synthesis, Perspectives," Working Paper Series 85, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
- James Frauenthal & Kenneth Swick, 1983. "Limit cycle oscillations of the human population," Demography, Springer, vol. 20(3), pages 285-298, August.
- Chu, C Y Cyrus & Lu, Huei-Chung, 1995. "Toward a General Analysis of Endogenous Easterlin Cycles," Journal of Population Economics, Springer, vol. 8(1), pages 35-57, February.
- Ronald Lee, 1974. "The formal dynamics of controlled populations and the echo, the boom and the bust," Demography, Springer, vol. 11(4), pages 563-585, November.
When requesting a correction, please mention this item's handle: RePEc:bla:metroe:v:57:y:2006:i:4:p:536-563. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)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.