IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

The Economic Consequences of Demographic Change: Its Impact on Growth, Investment and the Capital Stock

  • Gunther Tichy

    ()

    (University of Graz, Austrian Academy of Sciences and Austrian Institute of Economic Research)

Registered author(s):

    The traditional debate on the real and financial consequences of ageing is based on two assumptions: a deteriorating old-age dependency ratio and declining productivity of an ageing population. Both suppositions are questionable. Relevant for the future burden is not the old-age dependency ratio but the relation of the working to the non-working part of the population, which will deteriorate only slightly as the number of unemployed and of early pensioners will decline as a consequence of the shrinking working-age population. The productivity of an ageing society may increase even if individual productivity shrinks with ageing: this is a consequence of the increasing disability-free life expectancy and of factor-price induced higher capital intensity. The coming problems of ageing are, therefore, less threatening than suspected in the popular and in parts of the professional literature, especially under some supporting labour market policy.

    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.

    File URL: http://www.elgaronline.com/view/journals/ejeep/5-1/ejeep.2008.01.09.xml
    Download Restriction: no

    Article provided by Edward Elgar in its journal Intervention. European Journal of Economics and Economic Policies (subtitle initially: Zeitschrift fuer Oekonomie / Journal of Economics).

    Volume (Year): 5 (2008)
    Issue (Month): 1 ()
    Pages: 105-128

    as
    in new window

    Handle: RePEc:elg:ejeepi:v:5:y:2008:i:1:p:105-128
    Contact details of provider: Web page: http://www.elgaronline.com/ejeep

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:elg:ejeepi:v:5:y:2008:i:1:p:105-128. 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: (Helen Craven)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.