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

  • Lindh, Thomas

    ()

    (Department of Economics)

  • Malmberg, Bo

    (Institute for Housing Research)

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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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
Web page: http://www.nek.uu.se/
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