Global growth, ageing, and inequality across and within generations

Fehr, Hans; Jokisch, Sabine; Kotlikoff, Laurence J.

doi:10.1093/oxrep/grq033

Cited by 8 publications

(6 citation statements)

References 12 publications

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“…See alsoFehr et al(2010) andBorgy et al (2011) supporting this using a great variety of assumptions.…”

mentioning

confidence: 85%

“…Using theoretical modeling with calibration Lundborg and Segerstrom (2002), Felbermayr and Kohler (2007) and Borgy et al (2011) do not consider unemployment; they and also (Larramona and Sanso (2006) and Vallizadeh et al (2013) consider only worker immigration but ignore non-working dependents. Fehr et al (2010) and Fehr et al (2004) do not consider unemployment and assume the same labour supply for native and immigrants for the same age and skill category.Finally, an attractive feature of our macroeconomic model is that it pays explicit attention to the role of the welfare state in maintaining social equilibrium. In the applied econometrics literature closest to our methodological approach is (Bodman (1998)) using the vector error correction model for a production function approach with some additional variables, but without taking unemployment or the activity ratio into account.…”

Section: Motivationmentioning

confidence: 99%

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The Effect of Immigration on Economic Growth in an Ageing Economy

Muysken¹,

Ziesemer²

2014

Bulletin of Applied Economics

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Immigration can help to alleviate the burden ageing presents for the welfare states of most Western Economies. To show this, a macroeconomic model is developed which deals with the effect of both ageing and immigration on economic growth, through home-biased capital accumulation. The model includes a detailed description of the labor market, analyzing the interaction with low-skilled unemployment. The empirical relevance of some crucial model assumptions is shown to hold for the Netherlands, 1973 – 2009, using a vector-error-correction model. Simulations of the latter model show that permanent shocks in immigration will help to alleviate the ageing problem in the long run, as long as the immigrants will be able to participate in the labor force at least as much as the native population. Moreover, the better educated the immigrants are or become, the higher their contribution to growth will be.

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“…See alsoFehr et al(2010) andBorgy et al (2011) supporting this using a great variety of assumptions.…”

mentioning

confidence: 85%

Section: Motivationmentioning

confidence: 99%

The Effect of Immigration on Economic Growth in an Ageing Economy

Muysken¹,

Ziesemer²

2014

Bulletin of Applied Economics

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“…Processes that could negatively influence economic growth. This thesis is also defended by Fehr, Jokisch and Kotlikoff [ 95 ] who, analyzing through a model the possible future evolution (2005–2100) of five large world areas (USA, Euro Zone, Northeast Asia, China and India), predict that long-term projection of US, Euro zone and Japan GDP may be damaged by the evolution of their demographic structures towards older societies.…”

Section: Myths Beliefs Challenges and An Open Questionmentioning

confidence: 96%

Who Is Afraid of Population Aging? Myths, Challenges and an Open Question from the Civil Economy Perspective

Calvo-Sotomayor

Atutxa

Agüado

2020

IJERPH

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Population aging is a great human achievement, but the economic literature normally addresses its effects in a narrow way and as a “problem” to be solved. The objective of this paper is to provide a more balanced approach to aging by calling into question some widespread ideas in the economic literature on aging, such as its supposed negative influence on economic growth, its impact on labor productivity or the assumption that aging societies are incapable of applying reforms. The paper adopts the renewed civil economy framework and takes as a reference the existing literature about beliefs and wrong assumptions on aging. The innovative contribution of this analysis lies in its effort to foster a positive perspective in the population aging field of research and in challenging negative associations regarding old-age stereotypes.

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“…In this regard, the changing age structure of the population worldwide, through its impact on labour markets and changes in patterns of consumption, may have been one of the factors contributing to the increase of the relative importance of developing countries-with their relatively younger populations and rising incomes-in global manufacturing. Th is global structural shift however has also been guided by the skill structure employed in diff erent industrial sectors (Fehr et al 2010). Manufacturing in developed countries is dominated by skill intensive industries, while low skill manufacturing still predominates in developing countries.…”

Section: Consumption Savings and Investmentmentioning

confidence: 99%

The International Development Strategy Beyond 2015

2012

UN Department of Economic and Social Affairs (DESA) Working Papers

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Demographic dynamics have strong repercussions for development and need to be addressed in the defi nition of the global development strategy for post 2015. Despite divergent trends across countries, international migration off ers no defi nitive solution. A comprehensive approach is needed. Countries with declining and ageing workforces need to sustain or raise productivity. Countries with growing labour forces need to embark in growth patterns that are labour intensive, off er possibilities for dynamic structural change and productivity increases. Both cases require investments in education, skill formation and upgrading. Th e impact of population ageing on economic variables is nuanced but should not be ignored. JEL Classifi cation: I3; J11; J21; J24

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Global growth, ageing, and inequality across and within generations

Cited by 8 publications

References 12 publications

The Effect of Immigration on Economic Growth in an Ageing Economy

The Effect of Immigration on Economic Growth in an Ageing Economy

Who Is Afraid of Population Aging? Myths, Challenges and an Open Question from the Civil Economy Perspective

The International Development Strategy Beyond 2015

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