Quantifying the effects of the demographic transition in developing economies

Orazio P. Attanasio, Sagiri Kitao, Giovanni L. Violante

    Research output: Contribution to journalArticle

    Abstract

    This paper evaluates quantitatively the impact of the observed demographic transition on aggregate variables (factor prices, saving rate, output growth), and on inter-generational welfare in developing economies. It does so by developing a large-scale two-region equilibrium overlapping generations model calibrated to the North (more developed countries) and the South (less developed countries). The paper highlights that the effects of the demographic trends for less developed regions may depend on the degree of international capital mobility and on the extent to which the large Pay-As-You-Go systems in place in the more developed world will be reformed.

    Original languageEnglish (US)
    JournalAdvances in Macroeconomics
    Volume6
    Issue number1
    StatePublished - 2006

    Fingerprint

    Developing economies
    Demographic transition
    Less developed countries
    International capital mobility
    Overlapping generations model
    Saving rate
    Demographic trends
    Output growth
    Developed countries
    Factor prices
    Pay-as-you-go tax

    Keywords

    • Capital flows
    • Demographic transition
    • Developing economies
    • Growth
    • Social security
    • Welfare

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

    Cite this

    Quantifying the effects of the demographic transition in developing economies. / Attanasio, Orazio P.; Kitao, Sagiri; Violante, Giovanni L.

    In: Advances in Macroeconomics, Vol. 6, No. 1, 2006.

    Research output: Contribution to journalArticle

    Attanasio, Orazio P. ; Kitao, Sagiri ; Violante, Giovanni L. / Quantifying the effects of the demographic transition in developing economies. In: Advances in Macroeconomics. 2006 ; Vol. 6, No. 1.
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