Demographic structure and growth: The effect of unfunded social security |
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| Authors: | Hiroyuki Ito Ken Tabata |
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| Institution: | aGraduate School of Economics, Osaka University, 1-7, Machikaneyama, Toyonaka, Osaka, 563-0043, Japan;bDepartment of Foreign Studies, Kobe City University of Foreign Studies, 9-1, Gakuenhigashimachi, Nishi-ku, Kobe, 651-2187, Japan |
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| Abstract: | This paper examines how demographics affect economic growth in an OLG model with unfunded social security. We derive two interesting results. First, the relationship between population growth and per capita output growth is hump shaped. Second, the relationship between life expectancy and per capita output growth is also hump shaped. |
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| Keywords: | Demographic structure Social securities Growth |
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