Literaturnachweis - Detailanzeige
Autor/in | Angelini, Daniele |
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Institution | Universität Konstanz / Fachbereich Wirtschaftswissenschaften |
Titel | Aging Population and Technology Adoption. Gefälligkeitsübersetzung: Überalterung der Bevölkerung und Technologieeinführung. |
Quelle | Konstanz (2023), 60 S.
PDF als Volltext (1); PDF als Volltext (2) |
Reihe | Working paper series / University of Konstanz, Department of Economics. 2023-01 |
Sprache | englisch |
Dokumenttyp | online; Monographie |
Schlagwörter | Bildungsertrag; Automatisierung; Technologische Entwicklung; Altersstruktur; Bevölkerungsstruktur; Demografischer Wandel; Beschäftigungseffekt; Investition; Kapitalstock; Arbeitskräfteangebot; Erwerbsbevölkerung; Qualifikationsbedarf; Arbeitspapier; Auswirkung; Quote; Europa |
Abstract | "Population aging affects the relative supply of inputs in the economy altering the incentives to adopt different types of technology. Empirically, I document a hump-shaped relation between the age of the population and the adoption of new-technology proxied by the ICT capital share. To explain the non-monotonic relationship and identify the mechanisms at play, I build a dynamic general equilibrium model with endogenous technology and R&D-driven technological progress. New-technology is defined as a labor-saving (capital-intensive) technology requiring skills to be used. An increase in the capital-to-labor ratio driven by population aging increases new-technology adoption while the increasing scarcity of young workers that have higher incentives to acquire the complementary skills to new-technology reduces it. The model, calibrated to fit European data, shows that the demographic structure of the population is a major determinant of technology adoption. Population aging explains almost half of the increase in new-technology adoption in the period 1995-2020 and it determines its reduction in the period 2020-2045. A decomposition exercise shows that population aging is a primary source of the increase in the skill premium explaining a larger share of its increase than technological progress." The study refers to the period 1995-2045. (Author's abstract, IAB-Doku).. |
Erfasst von | Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg |
Update | 2023/1 |