Aging Population and Technology Adoption.

Autor/in	Angelini, Daniele
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 kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Working paper series / University of Konstanz, Department of Economics. 2023-01
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Europa; Investition; Auswirkung; Altersstruktur; Bevölkerungsstruktur; Kapitalstock; Quote; Bildungsertrag; 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