Automation, population aging, and growth
In this paper we analyze the effects that automation and population aging exert on economic growth. We do that by means of an Overlapping Generations Model (Diamond, 1965) in which automation capital is taken into account in the production structure of the economy. The framework we use was first created by Gasteiger and Prettner (2017) and we further develop it by adding a new feature: a pay-as-yo