Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273047 
Year of Publication: 
2022
Series/Report no.: 
EERI Research Paper Series No. 03/2022
Publisher: 
Economics and Econometrics Research Institute (EERI), Brussels
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 of 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 of unfavorable demographic change - in particular, population aging - on labor productivity growth.
Subjects: 
Demographic change
labor productivity
robots
JEL: 
C33
J11
O40
Document Type: 
Working Paper

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