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dc.contributor.authorWerding, Martinen
dc.date.accessioned2008-02-14-
dc.date.accessioned2009-07-28T08:29:36Z-
dc.date.available2009-07-28T08:29:36Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26252-
dc.description.abstractSlower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well as developing countries and explores the impact of the age composition of the labour force on levels and growth rates of output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007), pointing to an inversely U-shaped relationship between the share of workers in different age groups and productivity which mainly works through the TFP channel and is effectively much stronger than what can be observed at a micro level. In-depths analyses suggest that cohort effects in human-capital accumulation may contribute to this pattern, but do not explain it. The paper concludes with simulations for a number of OECD countries showing that the impact of projected ageing of the labour force on productivity and per-capita growth could be really substantial in some cases.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2207en
dc.subject.jelE13en
dc.subject.jelJ11en
dc.subject.jelO47en
dc.subject.jelO50en
dc.subject.ddc330en
dc.subject.keyworddemographic changeen
dc.subject.keywordeconomic growthen
dc.subject.keywordtotal factor productivityen
dc.subject.keywordmacro-level panel regressionsen
dc.subject.keywordsimulationsen
dc.subject.stwBevölkerungsentwicklungen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwAlternde Bevölkerungen
dc.subject.stwHumankapitalen
dc.subject.stwProduktivitäten
dc.subject.stwPanelen
dc.subject.stwSchätzungen
dc.subject.stwOECD-Staatenen
dc.titleAgeing and productivity growth: are there macro-level cohort effects of human capital?-
dc.typeWorking Paperen
dc.identifier.ppn558353282en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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