Population aging and comparative advantage

作者: Jie Cai , Andrey Stoyanov

DOI: 10.1016/J.JINTECO.2016.04.006

关键词: Population ageingEconomicsComparative advantageRelative priceSpecialization (functional)Older populationDemographic economicsEconomic growthConstruct (philosophy)

摘要: Abstract In this paper we show that demographic differences between countries are a source of comparative advantage in international trade. Since many skills age-dependent, population aging decreases the relative supply and increases price which depreciate with age. Thus, industries relying on younger workers relatively more efficient will be productive labor force less an older population. Building upon neuroscience economics literature, construct industry-level measures intensities various age-dependent leads to specialization use age-appreciating intensively erodes for age-depreciating important.

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