| Budget Amount *help |
¥1,300,000 (Direct Cost: ¥1,300,000)
Fiscal Year 1999: ¥500,000 (Direct Cost: ¥500,000)
Fiscal Year 1998: ¥800,000 (Direct Cost: ¥800,000)
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| Research Abstract |
The aim of this research is to analyze theoretical and empirical mechanism through which decline in fertility, population growth, and aging in the labor force are interacted with each other. In "Roudousya no koureika no motarasumono" (Oikonomika, 1998), I and co-authors show that an advance of the aging in the labor force, captured by an increase in the ratio of old workers relative to young workers, deters investment in human capital and hence economic growth. This model provide an interesting insight concerning the linkage between population growth and economic growth that differ from the implication from the standard growth model. In "Aging in the Labor Force and Slowdown of Future Economic Growth in Japan" (Oikonomika, 2000), I and co-authors find by simulation that the anticipated advance of the labor force aging reduces the level of per-capita consumption by 21.1% in 2055 in the standard case with the Cobb-Douglas production technology when the adverse growth effect is present.
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