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|
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"Externalities in a life cycle model with endogenous survival,"
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- Hippolyte D'Albis, 2007.
"Demographic structure and capital accumulation,"
- Theresa Grafeneder-Weissteiner & Klaus Prettner, 2010.
"Agglomeration processes in aging societies,"
Department of Economics Working Papers
wuwp131, Vienna University of Economics and Business, Department of Economics.
- Klaus Prettner & Alexia Prskawetz, 2009.
"Decreasing Fertility, Economic Growth and the Intergenerational Wage Gap,"
0906, 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," Empirica, Springer, vol. 37(2), pages 197-214, May.
- 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.
- 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.
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