1 Endogenous Growth of Ageing Economy : Evidence and Policy Measures

  title={1 Endogenous Growth of Ageing Economy : Evidence and Policy Measures},
  author={Tae-Jeong Kim},
This paper adopts the two-sector overlapping generation (OLG) model to capture the impact of population ageing on the regional economy and compares the effectiveness of government policy in an endogenous growth perspective. Comparing the computational results of a one-sector OLG model, where agent’s productivity is given exogenously, this paper confirms that endogenously determined investment in human capital significantly offsets the negative effects of the ageing population on the regional… CONTINUE READING


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