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- Title
Inter-temporal and Inter-industry Effects of Population Ageing: A General Equilibrium Assessment for Canada.
- Authors
Annabi, Nabil; Fougère, Maxime; Harvey, Simon
- Abstract
This paper examines the inter-industry and labour market occupational effects of future demographic changes in Canada, using a computable overlapping-generations model. In addition to the impact of slower labour force growth, the model captures the shift in sectoral composition of final demand of older individuals. The simulation results indicate that the growth in real GDP per capita could decline by nearly one percentage point between 2006 and 2050. The results also suggest that the equilibrium unemployment rate is likely to decline by more than two percentage points in the long run. However, the impact varies significantly at the occupational level.
- Subjects
CANADA; POPULATION aging; LABOR market; DEMOGRAPHY; LABOR supply; GROSS domestic product; UNEMPLOYMENT; ECONOMIC development; ECONOMIC equilibrium
- Publication
LABOUR: Review of Labour Economics & Industrial Relations, 2009, Vol 23, Issue 4, p609
- ISSN
1121-7081
- Publication type
Article
- DOI
10.1111/j.1467-9914.2009.00464.x