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 (Unpublished)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Status:	Unpublished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:	Creators Email Pitt Username ORCID Izmirlioglu, Yusuf
Date:	5 December 2008
Date Type:	Publication
Institution:	University of Pittsburgh
Schools and Programs:	Dietrich School of Arts and Sciences > Economics
Refereed:	No
Related URLs:	Author Web site
Date Deposited:	04 Aug 2010 14:17
Last Modified:	20 Dec 2018 00:55
URI:	http://d-scholarship.pitt.edu/id/eprint/5669

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