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Demographic Change and Consumption -- A Long-term Simulation Analysis 31
Stiller, Silvia.
This study investigates the influence of the demographic ageing process in Germany on the long-term economic growth path. For this purpose a macroeconomic simulation model which combines demographic forecasts with a modified Ramsey growth model is applied. Special focus is put on the consumption effects of population ageing and the potential to counter those by rising fertility or permanent immigration. The simulation results illustrate that in the medium and in the long terms per capita consumption is among all demographic scenarios lower than without demographic changes. Permanent immigration can retard the consumption decrease. Rising fertility even reinforces the decline of consumption in the examined period of time. Das Diskussionpapier beschäftigt...
Tipo: Working or Discussion Paper Palavras-chave: Population Ageing; Consumption; Growth; Labor and Human Capital; E17; E21; J 11.
Ano: 2000 URL: http://purl.umn.edu/26252
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Welfare Effects of Demographic Changes in a Ramsey Growth Model 31
Stiller, Silvia.
Population ageing and decline are inescapable facts for Germany which are expected to have - especially due to the labour force decrease - negative impacts on the economy. In this context it is often referred to the possibility of countering potentially negative economic effects of population ageing by a fertility increase or immigration of people at the working age. Of course, changing fertility and immigration are both suited to reduce population ageing. But they influence the population structure, labour supply and thus the economic conditions in substantially different way. This discussion paper focuses on one aspect which is related to this issue. It is examined by simulations how different demographic scenarios affect consumption development and thus...
Tipo: Working or Discussion Paper Palavras-chave: Demographic Forecast; Population Ageing; Consumption; Welfare; Labor and Human Capital; J11; E17; E21.
Ano: 2000 URL: http://purl.umn.edu/26285
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