Age Structure Effects and Growth in the OECD, 1950-1990

Posted: 19 Nov 1999

See all articles by Thomas Lindh

Thomas Lindh

Uppsala University - Department of Economics

Bo Malmberg

Uppsala University - Institute for Housing and Urban Research

Abstract

Economic growth depends on human resources and human needs. The demographic age structure shapes both of these factors. We study five-year data from the OECD countries 1950-1990 in the framework of an age structure augmented neoclassical growth model with gradual technical adjustment. The model performs well in both pooled and panel estimations. The growth patterns of GDP per worker (labor productivity) in the OECD countries are to a large extent explained by age structure changes. The 50-64 age group has a positive influence, and the group above 65 contributes negatively, while younger age groups have ambiguous effects. However, the mechanism behind these age effects is not yet resolved.

JEL Classification: J11, O40, O57

Suggested Citation

Lindh, Thomas and Malmberg, Bo, Age Structure Effects and Growth in the OECD, 1950-1990. Available at SSRN: https://ssrn.com/abstract=179528

Thomas Lindh (Contact Author)

Uppsala University - Department of Economics ( email )

Box 513
SE-75120 Uppsala
Sweden
+46-18-471 1103 (Phone)
+46-18-471 14 78 (Fax)

Bo Malmberg

Uppsala University - Institute for Housing and Urban Research ( email )

S-801 29 Gavle
Sweden
+46-26-4206512 (Phone)
+46-26-4206501 (Fax)

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