Have a personal or library account? Click to login
Workforce Ageing and Labour Productivity Dynamics Cover

Workforce Ageing and Labour Productivity Dynamics

By: Ana Milanez  
Open Access
|Oct 2020

References

  1. Acemoglu, D. & Restrepo, P. (2018). The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment. American Economic Review, 108, 1488-1542. https://doi.org/10.1257/aer.2016069610.1257/aer.20160696
  2. Ackum Agell, S. (1994). Swedish Evidence on the Efficiency Wage Hypothesis. Labour Economics, 1(2), 129-150. https://doi.org/10.1016/0927-5371(94)90001-910.1016/0927-5371(94)90001-9
  3. Agenor, P. R. & Neanidis, K. C. (2011). The Allocation of Public Expenditure and Economic Growth. The Manchester School, 79(4), 899-931. https://doi.org/10.1111/j.1467-9957.2011.02197.x10.1111/j.1467-9957.2011.02197.x
  4. Aiyar, S., Ebeke, C., & Shao, X. (2016). The Impact of Workforce Aging on European Productivity. Washington D.C.: International Monetary Fund. Working Paper No. 16/238. https://doi.org/10.5089/9781475559729.00110.5089/9781475559729.001
  5. Bai, J., & Ng, S. (2004). A Panic Attack on Unit Roots and Cointegration. Econometrica, 72(4), 1127-1177.10.1111/j.1468-0262.2004.00528.x
  6. Baumol, W. J. (1952). The transactions demand for cash: An inventory theoretic approach.” The Quarterly Journal of Economics, 66(4), 545-556. https://doi.org/10.2307/188210410.2307/1882104
  7. Beaudry, P. & Collard, F. (2003). Recent technological and economic change among industrialized countries: insights from population growth. Scandinavian Journal of Economics, 105(3), 441-463. https://doi.org/10.1111/1467-9442.t01-2-0000710.1111/1467-9442.t01-2-00007
  8. Behrman, J. R., Duryea, S. & Székely M. (1999). Human capital in Latin America at the end of the 20thcentury. Mimeo, University of Pennsylvania.
  9. Ben-Porath, Y. (1967). The Production of Human Capital and the Life Cycle of Earnings. Journal of Political Economy, 75(4), 352-365. https://doi.org/10.1086/25929110.1086/259291
  10. Bloom, D. E., Canning, D. & Graham, B. (2003). Longevity and life cycle savings. Scandinavian Journal of Economics, 105, 319-338. https://doi.org/10.1111/1467-9442.t01-1-0000110.1111/1467-9442.t01-1-00001
  11. Buyse, T., Heylen, F., & Schoonackers, R. (2016). On the Role of Public Policies and Wage Formation for Private Investment in R&D: A Long-run Panel Analysis. Brussels: National Bank of Belgium. Working Paper Research No. 292.
  12. Conference Board (2019). Press release: Global Productivity Growth Remains Weak, Extending Slowing Trend. Retrieved from: https://www.conference-board.org/press/pressdetail.cfm?pressid=8995
  13. Cooley, T. & Henriksen, E. (2018). The demographic deficit. Journal of Monetary Economics, Elsevier, 93(C), 45-62. https://doi.org/10.1016/j.jmoneco.2017.11.00510.1016/j.jmoneco.2017.11.005
  14. Dickey, D. & Fuller, W. (1979). Distribution of the Estimators for Autoregressive Time Series With a Unit Root. Journal of the American Statistical Association, 74(366), 427-431. https://doi.org/10.1080/01621459.1979.1048253110.1080/01621459.1979.10482531
  15. Dixon, S. (2003). Implications of population ageing for the labour market. Labour Market trends, 111.
  16. Driscoll, J. C. & Kraay, A. C. (1998). Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data. Review of Economics and Statistics, 80, 549–560. https://doi.org/10.1162/00346539855782510.1162/003465398557825
  17. Everaert, G. & Vierke, H. (2016). Demographics and Business Cycle Volatility: A Spurious Relationship? Journal of Applied Econometrics, John Wiley & Sons, Ltd, 31(7), 1467-1477. https://doi.org/10.1002/jae.251910.1002/jae.2519
  18. Favero, C. A. & Galasso, V. (2015). Demographics and the Secular Stagnation Hypothesis in Europe. CEPR Discussion Papers, 10887.10.1093/acprof:oso/9780198754688.003.0006
  19. Freyer, J. (2007). Demographics and Productivity. The Review of Economics and Statistics, MIT Press, 89(1), 100-109. https://doi.org/10.1162/rest.89.1.10010.1162/rest.89.1.100
  20. Feenstra, R. C., Inklaar, R. & Timmer, M. P. (2015). The Next Generation of the Penn World Table. American Economic Review, 105(10), 3150-3182. https://doi.org/10.1257/aer.2013095410.1257/aer.20130954
  21. Gordon, R. J. (2014). The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections. Cambridge, Mass: National Bureau of Economic Research. Working Paper No. 19895. https://doi.org/10.3386/w1989510.3386/w19895
  22. Han, Y. (2018). Demographic Changes and Unemployment Volatility. Working Paper.
  23. Hansen, A. (1939). Economic Progress and Declining Population Growth. The American Economic Review, 29(1), 1-15.
  24. Jamovich, N. & Siu, H. (2009). The Young, the Old, and the Restless: Demographics and Business Cycle Volatility. American Economic Association, 99(3), 804-26. https://doi.org/10.1257/aer.99.3.80410.1257/aer.99.3.804
  25. Jones, B. F. (2010). Age and Great Invention. Review of Economics and Statistics, 92(1), 1-14. https://doi.org/10.1162/rest.2009.1172410.1162/rest.2009.11724
  26. Kropko, J & Kubinec, R. (2018). Why the Two-Way Fixed Effects Model Is Difficult to Interpret, and What to Do About It. SSRN Scholarly Paper ID 3062619, Social Science Research Network, Rochester, NY.
  27. Lehman, H. C. (1953). Age and achievement. Princeton University Press.
  28. Lucas, R. E., Jr. (1988). On the Mechanics of Economic Development. Journal of Monetary Economics, 22(4), 3-42. https://doi.org/10.1016/0304-3932(88)90168-710.1016/0304-3932(88)90168-7
  29. Mankiw, N. G., Romer, D. & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics, 107(2), 407-437. https://doi.org/10.2307/211847710.2307/2118477
  30. Mason, A. (2005). Demographic transition and demographic dividends in developed and developing countries. United Nations expert group meeting on social and economic implications of changing population age structure.
  31. Modigliani, F. (1966). The Life Cycle Hypothesis of Saving, the Demand for Wealth and the Supply of Capital. Social Research, 33(2), 160–217.
  32. Mummolo, J. & Peterson, E. (2018). Improving the Interpretation of Fixed Effects Regression Results. Political Science Research and Methods, 6(4), 829-835. https://doi.org/10.1017/psrm.2017.4410.1017/psrm.2017.44
  33. Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels. Cambridge Working Papers in Economics No. 0435.10.2139/ssrn.572504
  34. Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967-1012. https://doi.org/10.1111/j.1468-0262.2006.00692.x10.1111/j.1468-0262.2006.00692.x
  35. Pesaran, M. H., & Smith, R. (1995). Estimating long-run relationships from dynamic heterogeneous panels. Journal of Econometrics, 68(1), 79-113. https://doi.org/10.1016/0304-4076(94)01644-F10.1016/0304-4076(94)01644-F
  36. Prskawetz, A., Fent, T., Barthel, W., Crespo-Cuaresma, J., Lindh, T., Malmberg, B. & Halvarsson, M. (2007). The Relationship Between Demographic Change and Economic Growth in the EU. Vienna Institute of Demography, Austrian Academy of Sciences. Research Report 32.
  37. Romer, P. M. (1986). Increasing Returns and Long Run Growth. Journal of Political Economy, 94(5), 1002-1037. https://doi.org/10.1086/26142010.1086/261420
  38. Romer, P. M. (1990). Endogenous Technological Change. Journal of Political Economy, University of Chicago Press, 98(5), 71-102. https://doi.org/10.1086/26172510.1086/261725
  39. Sakamoto, T. (2011). Productivity, Human Capital Formation Policy, and Redistribution: Do Government Policies Promote Productivity? SSRN Electronic Journal, 10, 21-39. https://doi.org/10.2139/ssrn.208915010.2139/ssrn.2089150
  40. Statista. (2019). Median age of the world population. Available at: https://www.statista.com/statistics/268766/medi-an-age-of-the-world-population/.
  41. UNESCO Institute for Statistics. (2019). Data for the sustainable development goals. Retrieved from: http://uis.unesco.org.
  42. United Nations, Department of Economic and Social Affairs, Population Division (2019). World Population Prospects 2019, Online Edition. Available at: https://population.un.org/wpp/.
  43. World Bank’s World Development Indicators. (2019). Government expenditure on education, total (% of GDP). Available at: https://data.worldbank.org/indicator/SE.XPD.TOTL.GD.ZS.
  44. White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48(4), 817–838. https://doi.org/10.2307/191293410.2307/1912934
DOI: https://doi.org/10.2478/ngoe-2020-0013 | Journal eISSN: 2385-8052 | Journal ISSN: 0547-3101
Language: English
Page range: 1 - 13
Submitted on: Oct 1, 2019
Accepted on: Jun 1, 2020
Published on: Oct 6, 2020
Published by: University of Maribor
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2020 Ana Milanez, published by University of Maribor
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.