Events

04. May 2026, 16:00 until 17:00

Economic Theory & Policy Seminar / D. Angelini (University of Vienna) / Aging Population and Technology Adoption

Seminar

Daniele Angelini will give a talk at our Economic Theory and Policy Seminar.

Daniele Angelini (University of Vienna)

“Aging Population and Technology Adoption”

Population aging alters labor and capital market conditions, thereby affecting incentives to invest in new technologies. A dynamic task-based model with endogenous technology adoption and skill acquisition predicts a hump-shaped relationship between population age and the adoption of labor-saving, skill-intensive technologies. When the population is relatively young, aging fosters technology adoption due to rising labor scarcity; when older, it slows adoption as skill constraints become increasingly binding. Empirical evidence from cross-country, industry-level, and micro data supports this prediction and the underlying mechanisms. The model, calibrated to European data, explains the recent slowdown in technology adoption and the rise in the skill premium. It also shows that while a higher retirement age eases fiscal pressure, it exacerbates skill scarcity and reduces technological adoption and productivity growth. Policies that promote capital accumulation can mitigate these effects and generate Pareto improvements.

 

Calendar entry
Event location
TU Wien
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: Sem.R. DA grün 04 (Freihaus Building, green area, 4th floor)
Organiser
ECON
Julia Hutter
julia.hutter@tuwien.ac.at
Public
Yes
Entrance fee
No
Registration required
No