The Economic Impact of Demographic Structure in OECD Countries
CESifo, Munich, 2012
CESifo Working Paper No. 3960
![](https://cesifo.org/DocImg/cesifo1_wp3960.jpg?c=1689237170)
We examine the impact of demographic structure, the proportion of the population in each age group, on growth, savings, investment, hours, interest rates and inflation using a panel VAR estimated from data for 20 OECD economies, mainly for the period 1970-2007. This flexible dynamic structure with interactions among the main macroeconomic variables allows us to estimate long-run effects of demographic structure on the individual countries. Our estimates confirm the importance of these effects.
Fiscal Policy, Macroeconomics and Growth
Monetary Policy and International Finance