Population age structure and secular stagnation : evidence from long run data

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      <subfield code="a">Kopecky, Joseph</subfield>
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      <subfield code="a">Population age structure and secular stagnation</subfield>
      <subfield code="b">: evidence from long run data</subfield>
      <subfield code="c">Joseph Kopecky</subfield>
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      <subfield code="a">In this paper, I explore the relationship between population age structure and growth in: investment, consumption and output,
in a long run panel of advanced economies. The evidence is largely consistent with proposed channels for secular stagnation. Investment growth, in its level and as a fraction of GDP, appears much stronger in young populations, while facing demographic headwinds in older economies. Consumption and output growth are positively associated with late career workers, with a negative relationship coming from both young and old dependents. Consistent with the recent secular stagnation literature, interest rate channels appear to have strong interactions with population age structure</subfield>
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      <subfield code="a">Análisis demográfico</subfield>
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      <subfield code="a">Envejecimiento de la población</subfield>
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      <subfield code="w">MAP20210010194</subfield>
      <subfield code="g">01/02/2023 Volumen 24 - 2023 , 20 p.</subfield>
      <subfield code="t">The Journal of the economics of ageing </subfield>
      <subfield code="d">Oxford : Elsevier ScienceDirect, 2021-</subfield>
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