| Autor: |
George Verikios, Peter B. Dixon, Maureen T. Rimmer, Anthony H. Harris |
| Rok vydání: |
2013 |
| Předmět: |
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| Popis: |
We construct a dynamic, computable general equilibrium model of the Australian economy that incorporates a detailed representation of demographic and health trends of the labour force. We project the economywide effects of changes in the health status of the workforce associated with a change in chronic disease prevalence. Our results show that reductions in chronic disease and the associated rate of health decline of older workers have a much greater effect than similar reductions for younger workers. Traded sectors benefit much more than nontraded sectors, with a consequent improvement in the trade balance and a real depreciation of the exchange rate. The increase in workforce participation also decreases the capital-labour ratio and raises the returns to capital relative to labour. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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