Population growth, age structure, and age-specific productivity
dc.contributor.author | Lam, David A. | en_US |
dc.date.accessioned | 2006-09-11T17:19:43Z | |
dc.date.available | 2006-09-11T17:19:43Z | |
dc.date.issued | 1989-11 | en_US |
dc.identifier.citation | Lam, David; (1989). "Population growth, age structure, and age-specific productivity." Journal of Population Economics 2(3): 189-210. <http://hdl.handle.net/2027.42/46058> | en_US |
dc.identifier.issn | 0933-1433 | en_US |
dc.identifier.issn | 1432-1475 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/46058 | |
dc.description.abstract | Motivated by empirical evidence that fluctuations in age structure affect relative wages across age groups, this paper asks whether there is a steady-state age distribution that maximizes the lifetime wages of a representative worker. The paper proves the surprising result that in a pure labor economy with any constant returns technology, a uniform age distribution minimizes lifetime wages. Skewed age distributions, generated by either positive or negative population growth rates, generate unambiguously higher lifetime wages than a stationary population, in spite of possible reductions in per capita output in every period. The presence of non-labor factors complicates, but does not necessarily reverse, this result. The paper relates the beneficial effects of higher rates of population growth on lifetime wages in a pure labor economy with imperfect substitutability across age groups to the benefits of population growth that appear in overlapping-generation consumption loan models with intergenerational transfers. | en_US |
dc.format.extent | 1437124 bytes | |
dc.format.extent | 3115 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Springer-Verlag | en_US |
dc.subject.other | Economics / Management Science | en_US |
dc.subject.other | Economics General | en_US |
dc.subject.other | Population Economics | en_US |
dc.title | Population growth, age structure, and age-specific productivity | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Population and Demography | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Department of Economics and Population Studies Center, University of Michigan, 48109, Ann Arbor, MI, USA; IPEA/INPES, Av. Pres. Antonio Carlos, 51, andar 14, 20020, Rio de Janeiro, RJ, Brazil | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/46058/1/148_2004_Article_BF00177323.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1007/BF00177323 | en_US |
dc.identifier.source | Journal of Population Economics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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