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Macroeconomic Consequences of Ageing and Directed Technological Change

Author

Listed:
  • Thomas Url

    (WIFO)

  • Serguei Kaniovski
Abstract
Demographic projections foresee a pronounced population ageing process in the coming decades. The associated changes in quantity and quality of labour will have an impact on the long-term economic outlook. This study discusses economic implications of current demographic projections for a set of large industrialised economies, which include the largest EU member countries, the USA and Japan, as well as Austria as an example of a small open economy. The focus of the study is the interplay between demographic and technological trends. The study extends the methodology of the European Commission's Ageing Report by considering the effects of size and composition of the working-age population on the productivity growth and productivity effect of the ICT intensity as a measure of directed technological change.

Suggested Citation

  • Thomas Url & Serguei Kaniovski, 2019. "Macroeconomic Consequences of Ageing and Directed Technological Change," WIFO Studies, WIFO, number 62267, August.
    • Handle: RePEc:wfo:wstudy:62267
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    File URL: https://www.wifo.ac.at/wwa/pubid/62267
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    Citations

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    Cited by:

    1. Michael Peneder & Angela Köppl & Thomas Leoni & Peter Mayerhofer & Thomas Url, 2020. "Das WIFO-Radar der Wettbewerbsfähigkeit der österreichischen Wirtschaft," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(12), pages 887-898, December.
    2. Michael Peneder & Angela Köppl & Thomas Leoni & Peter Mayerhofer & Thomas Url, 2021. "A WIFO Radar of Competitiveness for the Austrian Economy," WIFO Reports on Austria, WIFO, issue 3, January.
    3. Cylus, Jonathan & Al Tayara, Lynn, 2021. "Health, an ageing labour force, and the economy: Does health moderate the relationship between population age-structure and economic growth?," Social Science & Medicine, Elsevier, vol. 287(C).
    4. Cylus, Jonathan & Al Tayara, Lynn, 2021. "Health, an ageing labour force, and the economy: does health moderate the relationship between population age-structure and economic growth?," LSE Research Online Documents on Economics 112421, London School of Economics and Political Science, LSE Library.
    5. Serguei Kaniovski & Thomas Url & Helmut Hofer & Viola Garstenauer, 2021. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM 2.0). New Results (2021)," WIFO Studies, WIFO, number 67377, April.

    More about this item

    Keywords

    TP_Alterung_Makro TP_Europa_Sozial;

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