Event: Technology and Aging Workforce: Maximize the Gains from Longevity and Long Working Life Firm and Worker Dynamics in an Aging Labor Market 17 May 2018 Author / Speaker Niklas Engbom The author assesses the impact of an aging labor force on business dynamism, labor market fluidity, and economic growth. The analysis embeds endogenous growth through creative destruction in an equilibrium job ladder model, highlighting feedback between the extent of mismatch in the labor market and incentives to innovate. Using cross-state variation and instrumenting for the incidence of aging using lagged age shares, the author found additional empirical support for the prediction of significant effects of aging on dynamism and growth. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Topics Economics Industry and Trade