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Three Pillars of Urbanization: Migration, Aging, and Growth

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  • Theresa Grafeneder-Weissteiner

    (University of Vienna)

  • Klaus Prettner

    (University of Hohenheim)

  • Jens Südekum

    (Heinrich-Heine-University Düsseldorf)

Abstract

Economic development in industrialized countries is characterized by rising per capita GDP, increasing life expectancy, and an ever greater share of the population living in cities. We explain this pattern within a regional innovation-driven economic growth model with labor mobility and a demographic structure of overlapping generations. The model shows a natural tendency for core–periphery structures to emerge in modern knowledge-based economies.

Suggested Citation

  • Theresa Grafeneder-Weissteiner & Klaus Prettner & Jens Südekum, 2020. "Three Pillars of Urbanization: Migration, Aging, and Growth," De Economist, Springer, vol. 168(2), pages 259-278, June.
    • Handle: RePEc:kap:decono:v:168:y:2020:i:2:d:10.1007_s10645-020-09356-z
    DOI: 10.1007/s10645-020-09356-z
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    3. Md Jamil, Abd Rahim & Law, Siong Hook & Khair-Afham, M.S. & Trinugroho, Irwan, 2024. "Financial inclusion and income inequality in developing countries: The role of aging populations," Research in International Business and Finance, Elsevier, vol. 67(PA).
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    More about this item

    Keywords

    Agglomeration; Urbanization; Migration; Innovation; Growth; Core–periphery structures; Regional inequality;
    All these keywords.

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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