Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/249965 
Year of Publication: 
2021
Series/Report no.: 
Working Paper No. 030.2021
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
This paper provides estimates of the impact of demographic change on labor productivity growth, relying on annual data over 1961-2018 for a panel f 90 advanced and emerging economies. We find that increases in both the young and old population shares have significantly negative effects on labor productivity growth, working via various channels – including physical and human capital accumulation. Splitting the analysis for advanced and emerging economies shows that population ageing has a greater effect on emerging economies than on advanced economies. Extending the benchmark model to include a proxy for the robotization of production, we find evidence indicating that automation reduces the negative effects unfavorable demographic change – in particular, population aging-on labor productivity.
Subjects: 
Demographic Change
Labor Productivity
Robots
JEL: 
C33
J11
O40
Document Type: 
Working Paper

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