Human Capital Accumulation and the Macroeconomy in an Ageing Society

@article{Heijdra2012HumanCA,
  title={Human Capital Accumulation and the Macroeconomy in an Ageing Society},
  author={B. Heijdra and L. Reijnders},
  journal={De Economist},
  year={2012},
  volume={164},
  pages={297-334}
}
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight and make optimal choices over the life cycle. In addition to selecting age profiles for consumption and the hours of time supplied to the labour market, they also choose their schooling level and… Expand
Longevity shocks with age-dependent productivity growth
SAFE Working Paper No. 82
Macroeconomics, Aging and Growth
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