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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 (Unpublished)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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    Item Type: Article
    Title: The Impact of Population Ageing on Technological Progress and TFP Growth, with Application to United States: 1950-2050
    Status: Unpublished
    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.
    Date: 05 December 2008
    Institution: University of Pittsburgh
    Refereed: No
    Related URLs:
    Schools and Programs: Dietrich School of Arts and Sciences > Economics
    Date Deposited: 04 Aug 2010 10:17
    Last Modified: 14 Jul 2011 13:54

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