The Impact of Population Ageing on the Labour Market : Evidence from an OLG-CGE Model

Lisenkova, Katerina and Merette, Marcel and Wright, Robert; Bayar, Ali and Cardenete, A, eds. (2012) The Impact of Population Ageing on the Labour Market : Evidence from an OLG-CGE Model. In: Proceedings of the 2012 Ecomod Conference. Ecomod Network, ESP.

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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 key macro-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 in the Auerbach and Kotlikoff tradition. However, the model takes into consideration directly age-specific mortality. This is analogous to “building in” a cohort-component population projection structure to the model, which allows more complex and more realistic demographic scenarios to be considered.

    Creators(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; Bayar, Ali and Cardenete, A
    Item type:Book Section
    ID code:45896
    Keywords:population ageing, Scotland, CGE modelling, labour market, impact, 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:13 Nov 2013 16:46
    Last modified:03 May 2020 01:24
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    URI:https://strathprints.strath.ac.uk/id/eprint/45896
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