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来源类型Working Paper
规范类型报告
DOI10.3386/w23077
来源IDWorking Paper 23077
Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation
Daron Acemoglu; Pascual Restrepo
发表日期2017-01-23
出版年2017
语种英语
摘要Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We show that there is no such negative relationship in the data. If anything, countries experiencing more rapid aging have grown more in recent decades. We suggest that this counterintuitive finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic changes, and provide evidence and theoretical underpinnings for this argument.
主题Macroeconomics ; Business Cycles ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Development and Growth ; Innovation and R& ; D ; Growth and Productivity ; Country Studies
URLhttps://www.nber.org/papers/w23077
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/580751
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Daron Acemoglu,Pascual Restrepo. Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation. 2017.
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