The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation
Open accessAbstract
Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We show that there is no such negative relationship in the data. If anything, countries experiencing more rapid aging have grown more in recent decades. We suggest that this counterintuitive finding might reflect the more rapid adoption of automation technologies in countries undergoing more pronounced demographic changes and provide evidence and theoretical underpinnings for this argument.
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Cites
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
Empirical Age-Earnings Profiles
Murphy, K. M., & Welch, F. (1990) · Journal of Labor Economics · doi:10.1086/298220 · Cited by 616
Feyrer, J. (2007) · Review of Economics and Statistics · doi:10.1162/rest.89.1.100 · Cited by 399
When Does Labor Scarcity Encourage Innovation?
Acemoglu, D. (2010) · Journal of Political Economy · doi:10.1086/658160 · Cited by 375
Self-citationAge structure effects and growth in the OECD, 1950-1990
Lindh, T., & Malmberg, B. (1999) · Journal of Population Economics · doi:10.1007/s001480050107 · Cited by 302
Cited by
Acemoglu, D., & Restrepo, P. (2022) · The Review of Economic Studies · doi:10.1093/restud/rdab031 · Cited by 586
Self-citationThe Effect of Population Aging on Economic Growth, the Labor Force, and Productivity
Maestas, N., Mullen, K. J., & Powell, D. (2023) · American Economic Journal: Macroeconomics · doi:10.1257/mac.20190196 · Cited by 395
The Effect of Population Aging on Economic Growth, the Labor Force and Productivity
Maestas, N., Mullen, K., & Powell, D. (2016) · doi:10.3386/w22452 · Cited by 220
Aging human populations: good for us, good for the earth
Götmark, F., Cafaro, P., & O’Sullivan, J. (2018) · Trends in Ecology & Evolution · doi:10.1016/j.tree.2018.08.015 · Cited by 78
Fertility in High-Income Countries: Trends, Patterns, Determinants, and Consequences
Bloom, D. E., Kuhn, M., & Prettner, K. (2024) · Annual Review of Economics · doi:10.1146/annurev-economics-081523-013750 · Cited by 64
Metadata
- Authors
- Acemoglu, D., & Restrepo, P.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2017-05-01
- Volume
- 107
- Issue
- 5
- Pages
- 174-179
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2581969004
- Cited by
- 517
- References
- 5
- FWCI
- 40.53
- Type
- journal article
- Language
- en
- Open access
- bronze
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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