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Labour Shares, Fertility and Longevity in an OLG model

Listed author(s):
  • Igor Fedotenkov

    ()

    (Bank of Lithuania)

This paper studies the link between demographic factors and labour shares as well as tries to answer the question whether population ageing is responsible for the global decline in labour shares. We found that the link depends on the elasticity of substitution between labour and capital as production factors. Given the empirical estimates of this parameter, we conclude that population ageing is not responsible for the global decline in labour shares. On the contrary, it reduces the speed of this decline.

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File URL: http://www.lb.lt/en/publications/no-28-labour-shares-fertility-and-longevity-in-an-olg-model
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Paper provided by Bank of Lithuania in its series Bank of Lithuania Working Paper Series with number 28.

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Length: 26 pages
Date of creation: 01 Jul 2016
Handle: RePEc:lie:wpaper:28
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Bank of Lithuania Gedimino pr. 6, LT-01103 Vilnius, Lithuania

Phone: 22 40 08
Fax: 22 15 01
Web page: http://www.lbank.lt/
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