The Demographic Transition in Closed and Open Economy: A Tale of Two Regions

Abstract

This paper constructs a general equilibrium overlapping generation model to evaluate quantitatively how a demographic transition (falling mortality and fertility rates) a ects aggregate variables (wages, interest rate, output), and inter-generational welfare in closed and open economy. We perform this analysis for two economies calibrated to resemble to the… (More)

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Cite this paper

@inproceedings{Attanasio2000TheDT, title={The Demographic Transition in Closed and Open Economy: A Tale of Two Regions}, author={Orazio P. Attanasio and Giovanni L. Violante}, year={2000} }