Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96996
Authors: 
Prettner, Klaus
Year of Publication: 
2009
Series/Report no.: 
Vienna Institute of Demography Working Papers 8/2009
Abstract: 
This article investigates the consequences of population ageing for long-run economic growth perspectives. We introduce population ageing into a generalized model of endogenous technological change incorporating the model of Romer (1990) and Jones (1995) as special cases. We find that increases in longevity have positive effects on steady state per capita output growth in endogenous as well as in semi-endogenous growth models. In the latter case, the positive dependence can also be shown for the equilibrium growth rate during transition to the steady state.
Subjects: 
Population ageing
endogenous technological change
long-run economic growth
JEL: 
O41
J10
C61
Document Type: 
Working Paper

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