| Summary: | 碩士 === 國立成功大學 === 經濟學系碩博士班 === 98 === This paper investigates the relationship between population aging and economic growth in Taiwan. A time-series model was built to explore the economic consequences of population aging. Given the ongoing population aging trend in Taiwan, this paper explores the impacts of population aging on human capital accumulation and economic growth. A scheme of human capital formation which takes into account of population aging, education attainment, and working experience was developed to obtain a proxy measure of levels of human capital. Then, a Cobb-Douglas production function was used to estimate the construction of human capital and physical capital to gross domestic production. Combining the estimates of production function with the medium variant population projections of 2008-2056, this thesis conducts simulations on various hypothetical demographic and scenarios and counterfactual policy prescriptions. Given the projected population trend, the simulation results show that increase in government education expenditure or increased injection of prime labor force can mitigate the falling trend of per capita output resulting from population aging.
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