Population ageing and the labour market : modelling size and age-specific effects

Lisenkova, Katerina and Merette, Marcel and Wright, Robert (2013) Population ageing and the labour market : modelling size and age-specific effects. Economic Modelling, 35. 981–989. ISSN 0264-9993

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Abstract

This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market.More specifically, it is used to evaluate the effects of labour force decline and labour force ageing on keymacro-economic variables.The second effect is assumed to operate through age-specific productivity and labour force participation. In the analysis, particular attention is paid to how population ageing impinges on the government expenditure constraint. The basic structure of the model follows the Auerbach and Kotlikoff tradition. However, the model takes into consideration directly age-specific mortality. This is analogous to “building in” a cohort-componentpopulation projection structure to the model, which allows more complex and more realistic demographic scenarios to be considered.

Author(s):Lisenkova, Katerina ORCID logoORCID: https://orcid.org/0000-0003-0264-9797, Merette, Marcel and Wright, Robert ORCID logoORCID: https://orcid.org/0000-0001-8761-1020
Item type:Article
ID code:45315
Keywords:OLG-CGE modelling, population ageing, scotland, labour market, modelling, size , age-specific effects, Regional economics. Space in economics, Economics, Econometrics and Finance(all)
Subjects:Social Sciences > Communities. Classes. Races > Regional economics. Space in economics
Department:Strathclyde Business School > Economics
Depositing user: Pure Administrator
Date deposited:22 Oct 2013 14:51
Last modified:06 Sep 2019 03:13
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URI:https://strathprints.strath.ac.uk/id/eprint/45315
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