The Economic Growth Consequences of Population Aging in Sweden
(2007)Department of Economics
- Abstract
- Population aging, early retirements and postponed labor entry may have profound effects on the economic growth in Sweden during the forthcoming decades. This study examines the economic growth consequences that may occur in the future if not preventive measures soon are considered. An extended and modified version of the well known Solow model has been used to analyze these effects. The results indicate that the government tax rate will have risen to 103 % in year 2050, due to this population aging scenario. Implicitly, substantial changes need to be pursued by the Swedish government in order to cope with this aging challenge. The model is based upon theoretical grounds and it is not tested with actual data, therefore all the comprehensive... (More)
- Population aging, early retirements and postponed labor entry may have profound effects on the economic growth in Sweden during the forthcoming decades. This study examines the economic growth consequences that may occur in the future if not preventive measures soon are considered. An extended and modified version of the well known Solow model has been used to analyze these effects. The results indicate that the government tax rate will have risen to 103 % in year 2050, due to this population aging scenario. Implicitly, substantial changes need to be pursued by the Swedish government in order to cope with this aging challenge. The model is based upon theoretical grounds and it is not tested with actual data, therefore all the comprehensive outcomes are only applicable in the illustrated model. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1336630
- author
- Eriksson, Annika
- supervisor
- organization
- year
- 2007
- type
- M2 - Bachelor Degree
- subject
- keywords
- economic growth, Population aging, Longevity, Health care, Labor, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1336630
- date added to LUP
- 2007-02-08 00:00:00
- date last changed
- 2010-08-03 10:49:34
@misc{1336630,
abstract = {{Population aging, early retirements and postponed labor entry may have profound effects on the economic growth in Sweden during the forthcoming decades. This study examines the economic growth consequences that may occur in the future if not preventive measures soon are considered. An extended and modified version of the well known Solow model has been used to analyze these effects. The results indicate that the government tax rate will have risen to 103 % in year 2050, due to this population aging scenario. Implicitly, substantial changes need to be pursued by the Swedish government in order to cope with this aging challenge. The model is based upon theoretical grounds and it is not tested with actual data, therefore all the comprehensive outcomes are only applicable in the illustrated model.}},
author = {{Eriksson, Annika}},
language = {{eng}},
note = {{Student Paper}},
title = {{The Economic Growth Consequences of Population Aging in Sweden}},
year = {{2007}},
}