Population Aging and Economic Growth
Posted: 10 Oct 2000
Abstract
This paper investigates how population aging affects economic growth in a general equilibrium model of life cycle savings combined with endogenous growth. It shows that population aging is not necessarily a negative factor for growth. Introducing an old age pension system into the model, the paper also examines the effects of a policy of postponing the retirement age, and suggests that such a policy would slow growth.
JEL Classification: E20
Suggested Citation: Suggested Citation
Nakajima, Tetsuya and Futagami, Koichi, Population Aging and Economic Growth. Available at SSRN: https://ssrn.com/abstract=238348
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