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Macroeconomic consequences of ageing and directed technological change

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<title>Macroeconomic consequences of ageing and directed technological change</title>
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<namePart>Kaniovski, Serguei </namePart>
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<namePart>Url, Thomas</namePart>
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<namePart>Bertelsmann Stiftung</namePart>
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<publisher>Bertelsmann Stiftung</publisher>
<dateIssued>2019</dateIssued>
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<abstract displayLabel="Summary">Demographic projections foresee a pronounced population ageing process in the coming decades. The associated changes in quantity and quality of labour will have an impact on the long-term economic outlook. This study discusses economic implications of current demographic projections for a set of large industrialized economies, which include the largest member states of the EU, the USA and Japan, as well as Austria as an example of a small open economy. The focus of the study is the interplay between demographic and technological trends. The study extends the methodology of the European commission's Ageing Report by considering the effects of size and composition of the working-age population on the productivity growth and productivity effect of the ICT-intensity as a measure of directed technological change</abstract>
<note type="statement of responsibility">Serguei Kaniovski,  Thomas Url</note>
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<topic>Proyecciones demográficas</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080625597">
<topic>Envejecimiento de la población</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611897">
<topic>Perspectivas económicas</topic>
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<topic>Mercado de trabajo</topic>
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<topic>Productividad</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200021438">
<topic>Ageingnomics. Economia senior</topic>
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<recordIdentifier source="MAP">MAP20190033886</recordIdentifier>
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