Population Aging, Human Capital Accumulation, and Productivity Growth PDF Download

Author: Alexia Prskawetz
Publisher: Population
ISBN:
Category : Business & Economics
Languages : en
Pages : 348

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Author: A (Alexia); Bloom Prskawetz (D E (David E); Lutz, W (Wolfgang).)
Publisher:
ISBN:
Category :
Languages : en
Pages : 326

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Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 696

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Book Description
This volume provides an important collection of recent papers on the macroeconomic effects of population ageing. The articles are focused into three categories which cover the main channels through which population ageing affects national living standards: productivity and growth; consumption and saving; and labour market and fiscal effects. The papers have been selected for their clear and valuable contributions to this field of study. The book will be an essential reference volume for academic and public sector economists, policy makers and demographers.

Author: Horst Siebert
Publisher: Springer Science & Business Media
ISBN: 9783540432272
Category : Political Science
Languages : en
Pages : 334

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Book Description
In this volume, economists discuss the long-run consequences of aging societies. Using theoretical economic models, long-term projections and simulations, and econometric analysis, answers to the following questions are given: What are the economic consequences for consumption patterns, the supply of labor, capital accumulation, productivity, and the international flow of capital? Where are the political consequences for pension systems, health care and immigration policy? And what changes in politics are needed to handle the issues of populations that age markedly?

Author: Akira Kohsaka
Publisher: Routledge
ISBN: 0415524229
Category : Business & Economics
Languages : en
Pages : 194

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First Published in 2013. Routledge is an imprint of Taylor & Francis, an informa company.

Author: Alberto Bucci
Publisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.

Author: Patrick M. Emerson
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Will an aging population lower economic growth? Economists are generally concerned that the increase in life expectancy could lower economic growth, however, theory does not make a prediction. As life expectancy increases, so should household savings, which results in more physical capital per worker. This will stimulate economic growth. However, as the retired population share increases, this may reduce spending on children as more resources are transferred to the elderly. This will likely reduce human capital accumulation and lower growth. The net effect of these competing influences is an empirical question. This paper constructs a stylized endogenous growth model that includes both human capital and government transfers to the elderly. The model is mapped into a linear statistical framework that allows us to estimate each of these potential responses using panel data for a set of OECD countries during the period 1975-2014. We find evidence that households do in fact increase savings in response to a longer retirement period and this effect is associated with a higher realized rate of growth per worker. However, we also find evidence that an aging population reduces spending on children (or other productive investments) placing a drag on growth. These results suggest it is the institutional response to population aging that will determine whether or not an aging population will place a drag on future growth, not population aging itself.

Author: Mr.Paolo Mauro
Publisher: International Monetary Fund
ISBN: 1451842503
Category : Business & Economics
Languages : en
Pages : 28

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This study constructs an index of human capital for the Spanish labor force over the past two decades and projects it over the next decade on the basis of likely demographic developments. The methodology considers both educational attainment resulting from formal schooling and improvements in workers’ productivity resulting from experience, or “learning by doing.” Furthermore, it allows for the fact that people with higher education accumulate human capital through learning by doing at a faster pace than less educated workers or, in other words, that the full returns to formal schooling are realized with a lag of many years. Using this index, a growth accounting exercise is conducted to estimate the impact of human capital accumulation on economic growth over the past two decades. Finally, potential output growth is projected over the next few years, taking into account the impact of human capital accumulation.

Author: Ole Hagen Jorgensen
Publisher: World Bank Publications
ISBN: 0821388029
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
Brazil is in the middle of a profound socioeconomic transformation driven by demographic change. Because of profound changes in mortality and, especially, fertility over the past four decades the population at older ages then begun to increase, a trend that will become more and more rapid as time progresses. While it took more than a century for France's population, aged 65 and above, to increase from 7 to 14 percent of the total population, the same demographic change will occur in the next two decades in Brazil (between 2011 and 2031). The elderly population will more than triple within the next four decades, from less than 20 million in 2010 to approximately 65 million in 2050. On the one side, these shifts in population age structure will lead to substantial additional fiscal pressures on publicly financed health care and pensions, along with substantial reductions in fiscal pressures for publicly financed education. Public transfers in Brazil have been very effective in reducing poverty among the elderly in both urban and rural areas. However, without substantial changes, the aging of the population will put a strain on the current system that will result in some critical trade-offs with consequence for poverty among other vulnerable groups and for the growth prospects of the country. One the other side, given the strong association between people's economic behavior and the life cycle, changes in the population age structure have a major impact on economic development. This book investigates the impact of demographic changes on several dimensions of the Brazilian economy and society. It does so in a comprehensive and systematic way that captures the broad complexity of issues, from economic growth to poverty, from public financing of social services and transfers to savings, from employment to health and long-term care, and their interrelations.

Author: David Bloom
Publisher: Rand Corporation
ISBN: 0833033735
Category : Social Science
Languages : en
Pages : 127

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Book Description
There is long-standing debate on how population growth affects national economies. A new report from Population Matters examines the history of this debate and synthesizes current research on the topic. The authors, led by Harvard economist David Bloom, conclude that population age structure, more than size or growth per se, affects economic development, and that reducing high fertility can create opportunities for economic growth if the right kinds of educational, health, and labor-market policies are in place. The report also examines specific regions of the world and how their differing policy environments have affected the relationship between population change and economic development.