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Growth Effects of Age-Related Productivity Differentials in an Aging Society: A Simulation Study for Austria
Ist Teil von
Population and development review, 2008-01, Vol.34 (Supplement), p.275-297
Ort / Verlag
Blackwell Publishing
Erscheinungsjahr
2008
Quelle
Applied Social Sciences Index & Abstracts (ASSIA)
Beschreibungen/Notizen
J. H. Baumgartner et al (2005) calibrated a long-run neoclassical growth model for the Austrian economy (A-LMM) using projections made by Statistics Austria to forecast the impact of population aging on the development of potential output, employment, public finances, & other macroeconomic variables. The authors introduce age-specific productivity differentials into this model & conduct a simulation study of Austria. Based on the results, they conclude that age-specific productivity profiles will likely have small consequences on Austria's future economic performance. Tables, Figures, Appendixes, References. S. Stanton