Project started in 2012
The NiAGE project is funded by the Economic and Social Research Council (ESRC) under the Future Research Leaders scheme. It involves building a dynamic multiregional Overlapping Generations Computable General Equilibrium (OLG-CGE) model for the UK and its constituent countries, and applying it to examine the economic effects of population ageing. The NiAGE model has an age-disaggregated structure, which allows the modelling of age-specific preferences and behaviour, such as labour supply, productivity, consumption structure, saving behaviour, and retirement decisions. The rich demographic structure of the model allows for the direct evaluation of the aggregate effects of various scenarios as well as their impacts on different generations. The multiregional dimension is important because of the regional variations both in the characteristics of demographic change and in policy.
Workshop - Modelling the effects of population ageing on the UK economy
Date: Monday, 18th February 2013, 11.00-14.30
Venue: National Institute of Economic and Social Research, 2 Dean Trench Street, Smith Square, London, SW1P 3HE
NIESR event that focused on Overlapping Generations Computable General Equilibrium (OLG-CGE) modelling and its policy applications. The event coincided with the launch of a new ESRC-funded project at NIESR, that involves building a dynamic multiregional OLG-CGE model for the UK and its constituent countries (NiAGE), and applying it to examine the economic effects of population ageing. The workshop introduced the project and development plans for NiAGE, and also presened research by two invited international speakers who have extensive experience in OLG-CGE modelling and its policy applications.
Thomas Davoine of the Institute of Advanced Studies (Vienna, Austria) presented his work on modelling pension reforms in Europe. Presentation
Professor Marcel Mérette of the University of Ottawa (Ottawa, Canada) talked about modelling the effects of international trade in the context of an ageing population. Presentation
Katerina Lisenkova of the NIESR introduced the project and development plans for NiAGE. Presentation
- An Overlapping Generations Computable General Equilibrium (OLG-CGE) Model with Age-variable Rate of Time Preference
- The Long-Term Economic Impact of Reducing Migration in the UK
- Can an Ageing Scotland Afford Independence?
- The Long Term Economic Impacts of Reducing Migration: the Case of the UK Migration Policy
- Can an Ageing Scotland Afford Independence? (discussion paper)
- The long term economic impacts of reducing migration
- The long term economic impacts of reducing migration (blog post)
- Modelling the Effects of Population Ageing on the Economy - event held on 30/11/15