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dc.titleThe Demographic Transition in Closed and Open Economies: A Tale of Two Regions
dc.contributor.authorViolante, Giovanni L.
dc.contributor.authorAttanasio, Orazio P.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageThe Caribbean
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2011-02-04T00:00:00
dc.date.issue2000-02-01T00:00:00
dc.description.abstractThis paper constructs a general equilibrium overlapping generation model to evaluate quantitatively how demographic transition (falling mortality and fertility rates) affects aggregate variables (wages, interest rate, output), and inter-generational welfare in closed and open economies. We perform this analysis for two economies calibrated to resemble the North (US and Europe) and Latin America. Our simulations suggest that the demographic transition could have generated income per capita growth up to 0.5% per year in excess of steady-state growth in the past 50 years in Latin America and 0.3% in the North.
dc.identifier.doihttp://dx.doi.org/10.18235/0010772
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Demographic-Transition-in-Closed-and-Open-Economies-A-Tale-of-Two-Regions.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectEconomy
dc.subjectPoverty
dc.subject.keywordsWP-412
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
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