During recent years there has been an increasing awareness of the explanatory power of demographic variables in economic growth regressions. We estimate a new model of the effects of age structure change on economic growth. We use the new model and recent probabilistic demographic projections...

Recent literature shows empirical support for an effect of demographic age structure on economic growth. This literature does not give attention to the possibility that age structure might also have an effect on total factor productivity. Much of the recent literature on economic growth has...

Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and population growth and to enter a regime of hihg economic and population growth. To explain this transion of regime, we construct a two-sector growth model with endogenous...