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the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …
Persistent link: https://www.econbiz.de/10014140108
from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …
Persistent link: https://www.econbiz.de/10011820230
impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the … detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned. …
Persistent link: https://www.econbiz.de/10010403004
GDP, employ the framework in calculations for twenty OECD countries, and derive the rates of productivity growth required … productivity. …
Persistent link: https://www.econbiz.de/10011688109
positively impacts upon technological progress and thereby also on productivity growth. The empirical results clearly confirm the … detrimental to economic prosperity, at least as far as technological progress and productivity growth are concerned. …
Persistent link: https://www.econbiz.de/10010403678
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10011457979
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013014371
capita gross domestic product could be offset by increases in productivity. However, for many regions, productivity growth … years. One reason for this is that ageing also has a direct negative impact on productivity growth, with the effect being … affected by demographic change, is a more solid driver of productivity growth. Finally, ageing seems to be associated with a …
Persistent link: https://www.econbiz.de/10012132889
This paper considers how increasing longevity and declining birth rates affect market entry and endogenous productivity … generates productivity growth, and with imperfect knowledge diffusion the country with the larger labor force has a greater … share of firms with higher productivity levels. In this framework, population aging reduces a country’s labor supply, share …
Persistent link: https://www.econbiz.de/10012404477
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503