Korea’s Demographic Transition and Long-Term Growth Projection Based on an Overlapping Generations Model

Korea’s Demographic Transition and Long-Term Growth Projection Based on an Overlapping Generations Model

This paper employs an Overlapping Generations Model to quantify the impacts of Korea’s demographic transition toward an older population on the total output growth rate. The model incorporates the projected population through 2060 according by Statistics Korea. The effects of the low fertility and i...

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Bibliographic Details
Main Author: KWON, KYOO HO
Format: Article
Language:English
Published: Korea Development Institute 2017-05-01
Series:KDI Journal of Economic Policy
Subjects:
Life Cycle
Aggregate Supply
Computable General Equilibrium Models
Population Aging
Online Access:https://doi.org/10.23895/kdijep.2017.39.2.25

Internet

https://doi.org/10.23895/kdijep.2017.39.2.25

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