000151536 001__ 151536
000151536 005__ 20251017144611.0
000151536 0247_ $$2doi$$a10.1007/s00148-012-0448-2
000151536 0248_ $$2sideral$$a83909
000151536 037__ $$aART-2013-83909
000151536 041__ $$aeng
000151536 100__ $$0(orcid)0000-0003-4368-2294$$aAisa, Rosa$$uUniversidad de Zaragoza
000151536 245__ $$aPopulation ageing, health care, and growth: a comment on the effects of capital accumulation
000151536 260__ $$c2013
000151536 5060_ $$aAccess copy available to the general public$$fUnrestricted
000151536 5203_ $$aIn a recent paper, Hashimoto and Tabata (J Popul Econ 23:571–593, 2010) present a theoretical model in which the increase in the rate of dependence due to aging of the population leads to a reallocation of labor from non-health to health production and, as a consequence, to a decline in economic growth. We argue that these results rely heavily on assumptions of a “small economy” and perfect capital mobility, which tie down the amount of capital. In this paper, we proceed by analyzing the case of an economy in which the availability of capital is endogenously determined by domestic savings. We find that the new “capital accumulation effect” is opposite to the previous “dependency rate effect,” leaving the effect on economic growth ambiguous. In particular, if the former prevailed, population aging would foster economic growth, a result that finds support in recent empirical work.
000151536 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000151536 590__ $$a1.47$$b2013
000151536 591__ $$aECONOMICS$$b76 / 332 = 0.229$$c2013$$dQ1$$eT1
000151536 591__ $$aDEMOGRAPHY$$b7 / 25 = 0.28$$c2013$$dQ2$$eT1
000151536 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000151536 700__ $$0(orcid)0000-0002-9410-3531$$aPueyo, Fernando$$uUniversidad de Zaragoza
000151536 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico
000151536 773__ $$g26, 4 (2013), 1285-1301$$pJ. popul. econ.$$tJOURNAL OF POPULATION ECONOMICS$$x0933-1433
000151536 8564_ $$s344766$$uhttps://zaguan.unizar.es/record/151536/files/texto_completo.pdf$$yPostprint
000151536 8564_ $$s1189615$$uhttps://zaguan.unizar.es/record/151536/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000151536 909CO $$ooai:zaguan.unizar.es:151536$$particulos$$pdriver
000151536 951__ $$a2025-10-17-14:17:30
000151536 980__ $$aARTICLE