Population-Ageing, Structural Change and Productivity Growth

63 Pages Posted: 12 Mar 2012  

Denis Stijepic

University of Hagen (Fernuniversitaet in Hagen)

Helmut Wagner

University of Hagen (Fernuniversitaet Hagen)

Date Written: February 12, 2012


Population-ageing is one of the traditional topics of development and growth theory and a key challenge to most modern societies. We focus on the following aspect: Population-ageing is associated with changes in demand-structure, since demand-patterns change with increasing age. This process induces structural changes (factor-reallocations across technologically heterogeneous sectors) and, thus, has impacts on average productivity growth. We provide a neoclassical multi-sector growth-model for analyzing these aspects and elaborate potential policy-impact channels. We show that ageing has permanent and complex/multifaceted impacts on the growth rate of the economy and could, therefore, be an important determinant of long-run GDP-growth.

Keywords: Population-ageing, demand shifts, reallocation of factors, cross-sector technology-disparity, GDP-growth, multi-sector growth models, neoclassical growth models, structural change

JEL Classification: J11, O14, O41

Suggested Citation

Stijepic, Denis and Wagner, Helmut, Population-Ageing, Structural Change and Productivity Growth (February 12, 2012). Available at SSRN: https://ssrn.com/abstract=2020284 or http://dx.doi.org/10.2139/ssrn.2020284

Denis Stijepic (Contact Author)

University of Hagen (Fernuniversitaet in Hagen) ( email )

Universitätsstrasse 41
Hagen, 58084

HOME PAGE: http://www.fernuni-hagen.de/ls_wagner/

Helmut Wagner

University of Hagen (Fernuniversitaet Hagen) ( email )

Universitätsstrasse 41
Feithstrathe 140
D-58084 Hagen
011-49-2331-987-2640 (Phone)
011-49-2331-987-391 (Fax)

Paper statistics

Abstract Views