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Macroeconomic Consequences Of The Demographic And Educational Changes In Poland After 1990

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  • Kolasa, Aleksandra

Abstract

Soon after the start of transition to a market economy in the early 1990s, Poland has experienced both a dramatic decline in the fertility rate and an increase in the share of students among young high-school graduates. These two processes significantly changed the age structure of population and average income characteristics of households. Using a general equilibrium model with heterogeneous households and uninsured income shocks, I try to assess the impact of these changes on the Polish economy as a whole and inequalities within it. I find that, in the long term, the positive effects of the educational change on output per capita will more than offset the negative impact of lower fertility. I also show that the educational change increases income and consumption inequalities, while the fertility change decreases inequality in assets.

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  • Kolasa, Aleksandra, 2021. "Macroeconomic Consequences Of The Demographic And Educational Changes In Poland After 1990," Macroeconomic Dynamics, Cambridge University Press, vol. 25(8), pages 1993-2036, December.
    • Handle: RePEc:cup:macdyn:v:25:y:2021:i:8:p:1993-2036_3
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    Cited by:

    1. Małgorzata Walerych, 2024. "The aggregate and redistributive effects of emigration," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(1), pages 99-143, February.

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