Does population ageing reduce productivity growth?

Does population ageing reduce productivity growth?: "Martín Gonzalez-Eiras, Dirk Niepelt, 24 June 2011

Should developed countries raise their retirement ages to combat the economic effects of their ageing populations? This column presents a model suggesting that, viewed in isolation, putting off retirement will actually reduce growth. It is only when viewed along with other policies that the benefits for growth arise.

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