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Population-ageing, structural change and productivity growth

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  • Stijepic, Denis
  • Wagner, Helmut

Abstract

Population-ageing is one of the traditional topics of development and growth theory and a key challenge to most modern societies. We focus on the following aspect: Population-ageing is associated with changes in demand-structure, since demand-patterns change with increasing age. This process induces structural changes (factor-reallocations across technologically heterogeneous sectors) and, thus, has impacts on average productivity growth. We provide a neoclassical multi-sector growth-model for analyzing these aspects and elaborate potential policy-impact channels. We show that ageing has permanent and complex/multifaceted impacts on the growth rate of the economy and could, therefore, be an important determinant of long-run GDP-growth.

Suggested Citation

  • Stijepic, Denis & Wagner, Helmut, 2009. "Population-ageing, structural change and productivity growth," MPRA Paper 37005, University Library of Munich, Germany, revised 29 Feb 2012.
    • Handle: RePEc:pra:mprapa:37005
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    References listed on IDEAS

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    Cited by:

    1. Stijepic, Denis & Wagner, Helmut, 2009. "Kuznets-Kaldor-puzzle, neutral structural change and independent preferences and technologies," MPRA Paper 37162, University Library of Munich, Germany, revised 07 Mar 2012.

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    More about this item

    Keywords

    population-ageing; demand shifts; reallocation of factors; cross-sector technology-disparity; GDP-growth; multi-sector growth models; neoclassical growth models; structural change;
    All these keywords.

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • J19 - Labor and Demographic Economics - - Demographic Economics - - - Other
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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