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来源类型Working Paper
规范类型报告
DOI10.3386/w22452
来源IDWorking Paper 22452
The Effect of Population Aging on Economic Growth, the Labor Force and Productivity
Nicole Maestas; Kathleen J. Mullen; David Powell
发表日期2016-07-25
出版年2016
语种英语
摘要Population aging is expected to slow U.S. economic growth. We use variation in the predetermined component of population aging across states to estimate the impact of population aging on growth in GDP per capita for 1980-2010. We find that each 10% increase in the fraction of the population ages 60+ decreased per-capita GDP by 5.5%. One-third of the reduction arose from slower employment growth; two-thirds was due to slower labor productivity growth. Labor compensation and wages also declined in response. Our estimate implies population aging reduced the growth rate in GDP per capita by 0.3 percentage points per year during 1980-2010.
主题Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w22452
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580126
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Nicole Maestas,Kathleen J. Mullen,David Powell. The Effect of Population Aging on Economic Growth, the Labor Force and Productivity. 2016.
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