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Population-ageing, structural change and productivity growth

  • Stijepic, Denis
  • Wagner, Helmut

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 37005.

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Date of creation: 15 Feb 2009
Date of revision: 29 Feb 2012
Handle: RePEc:pra:mprapa:37005
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