Demographic Change in Models of Endogenous Economic Growth. A Survey
The purpose of this article is to identify the role of population size, population growth and population ageing in models of endogenous economic growth. While in exogenous growth models demographic variables are linked to economic prosperity mainly via the population size, the structure of the workforce, and the capital intensity of workers, endogenous growth models and their successors also allow for interrelationships between demography and technological change. However, most of the existing literature considers only the interrelationships based on population size and its growth rate and does not explicitly account for population ageing. The aim of this paper is (a) to review the role of population size and population growth in the most commonly used economic growth models (with a focus on endogenous economic growth models), (b) discuss models that also allow for population ageing, and (c) sketch out the policy implications of the most commonly used endogenous growth models and compare them to each other.
|Date of creation:||Oct 2010|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.oeaw.ac.at/vid/|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Klaus Prettner, 2009.
"Population ageing and endogenous economic growth,"
0908, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
- Klaus Prettner & Alexia Prskawetz, 2010.
"Decreasing fertility, economic growth and the intergenerational wage gap,"
Springer, vol. 37(2), pages 197-214, May.
- Klaus Prettner & Alexia Prskawetz, 2009. "Decreasing Fertility, Economic Growth and the Intergenerational Wage Gap," Working Papers 0906, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
- Theresa Grafeneder-Weissteiner & Klaus Prettner, 2010.
"Agglomeration processes in ageing societies,"
1005, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
- d'Albis, Hippolyte, 2007.
"Demographic structure and capital accumulation,"
Journal of Economic Theory,
Elsevier, vol. 132(1), pages 411-434, January.
- de la Croix, David & Licandro, Omar, 1997.
"Life expectancy and endogenous growth,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
1997029, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Stefan Wrzaczek & Michael Kuhn & Alexia Prskawetz & Gustav Feichtinger, 2009. "The Reproductive Value in Distributed Optimal Control Models," Working Papers 0906, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
- Michael Kuhn & Stefan Wrzaczek & Alexia Prskawetz & Gustav Feichtinger, 2010.
"Externalities in a Life-Cycle Model with Endogenous Survival,"
1001, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
- Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2011. "Externalities in a life cycle model with endogenous survival," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 627-641.
- Bilal Barakat & Johannes Holler & Klaus Prettner & Julia Schuster, 2010. "The Impact of the Economic Crisis on Labour and Education in Europe," Working Papers 1006, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
When requesting a correction, please mention this item's handle: RePEc:vid:wpaper:1008. 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: (Frank Kolesnik)
If references are entirely missing, you can add them using this form.