Template-Type: ReDIF-Paper 1.0
Author-Name: Katerina  Lisenkova
Author-Name-First: Katerina 
Author-Name-Last: Lisenkova
Author-Email: -
Author-Workplace-Name: National Institute of Economic and Social Research
Author-Name: Marcel Merette
Author-Name-First: Marcel
Author-Name-Last: Merette
Author-Email: -
Author-Workplace-Name: University of Ottawa
Author-Name: Robert Wright
Author-Name-First: Robert
Author-Name-Last: Wright
Author-Email: r.e.wright@strath.ac.uk
Author-Workplace-Name: Department of Economics, University of Strathclyde
Title: The Impact of Population Ageing on the Labour Market: Evidence from Overlapping Generations Computable General Equilibrium (OLG-CGE) Model of Scotland (*)
Abstract: This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market. More specifically, it is used to evaluate the effects of labour force decline and labour force ageing on key macro-economic variables. The second effect is assumed to operate through age-specific productivity and labour force participation. In the analysis, particular attention is paid to how population ageing impinges on the government expenditure constraint. The basic structure of the model follows in the Auerbach and Kotlikoff tradition. However, the model takes into consideration directly age-specific mortality. This is analogous to “building in” a cohort-component population projection structure to the model, which allows more complex and more realistic demographic scenarios to be considered.
Length: 23 pages
Creation-Date: 2012-09
Revision-Date: 
Publication-Status: Published
File-URL: http://www.strath.ac.uk/media/1newwebsite/departmentsubject/economics/research/researchdiscussionpapers/2012/12-13-Final.pdf
File-Format: Application/pdf
Number: 1213
Classification-JEL: J11
Keywords: CGE modelling, population ageing, Scotland
Handle: RePEc:str:wpaper:1213