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Akira Yakita
''Automation, fertility, and labor share in an aging, overlapping generations economy''
( 2022, Vol. 42 No.2 )
This paper presents an analysis of the effect of population aging on automation in production using an overlapping generations model with endogenous fertility decisions by individuals. Population aging induces individuals to reduce the number of children they have to prepare for a longer (expected) retirement. If an extension of life expectancy substantially reduces the fertility rate, then population aging decreases the automation capital per worker. However, population aging lowers the labor share.
Keywords: population aging, automation, labor share
JEL: O3 - Technological Change; Research and Development: General
J1 - Demographic Economics: General
Manuscript Received : Feb 07 2022 Manuscript Accepted : Jun 30 2022

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