Demographic Dynamics and the Empirics of Economic Growth

22 Pages Posted: 15 Feb 2006

Date Written: December 1994

Abstract

This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age groups. Third, it constructs a panel database of effective labor supply in order to reflect the changing age-structure of the population. Fourth, it decomposes the historical measured growth rates into effects of demographic dynamics and into "real" growth rates, net of demographic effects.

JEL Classification: J11, J21, O47

Suggested Citation

Sarel, Michael, Demographic Dynamics and the Empirics of Economic Growth (December 1994). Available at SSRN: https://ssrn.com/abstract=883902 or http://dx.doi.org/10.2139/ssrn.883902

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
123
Abstract Views
847
rank
294,076
PlumX Metrics