TY - JOUR
T1 - Quantifying the effects of the demographic transition in developing economies
AU - Attanasio, Orazio P.
AU - Kitao, Sagiri
AU - Violante, Giovanni L.
PY - 2006/1/1
Y1 - 2006/1/1
N2 - 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.
AB - 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.
KW - Capital flows
KW - Demographic transition
KW - Developing economies
KW - Growth
KW - Social security
KW - Welfare
UR - http://www.scopus.com/inward/record.url?scp=33750191057&partnerID=8YFLogxK
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U2 - 10.2202/1534-6013.1298
DO - 10.2202/1534-6013.1298
M3 - Article
AN - SCOPUS:33750191057
SN - 1534-6013
VL - 6
JO - Advances in Macroeconomics
JF - Advances in Macroeconomics
IS - 1
ER -