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The Impact of Population Ageing on Technological Progress and TFP Growth, with Application to United States: 1950-2050

Izmirlioglu, Yusuf (2008) The Impact of Population Ageing on Technological Progress and TFP Growth, with Application to United States: 1950-2050. (Unpublished)

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Abstract

I examine the effect of age-distribution of the society on economic growth through technological progress. I build a multisector economy model that involves population pyramid. I characterize the steady-state of the model for low and high population growth rate. Higher population growth rate yields faster TFP and output growth in the long-run. I analyze dynamic behavior of the economy. I calibrate the model for United States, 1950-2000 and using the estimated parameters I make predictions about the impact of population ageing on economic growth.


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Details

Item Type: Article
Status: Unpublished
Creators/Authors:
CreatorsEmailPitt UsernameORCID
Izmirlioglu, Yusufyui8@pitt.eduyui8@pitt.edu
Date: 5 December 2008
Institution: University of Pittsburgh
Schools and Programs: Dietrich School of Arts and Sciences > Economics
Refereed: No
Related URLs:
Date Deposited: 04 Aug 2010 14:17
Last Modified: 14 Jul 2011 17:54
URI: http://d-scholarship.pitt.edu/id/eprint/5669

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