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Ordoñez, Guillermo - 2019

The U.S. economy has recently experienced two, seemingly unrelated, phenomena: a large increase in post-retirement life expectancy and a major expansion in securitization and shadow banking activities. We argue they are intimately related. Agents rely on financial intermediaries to save for...

Persistent link: https://www.econbiz.de/10012861660

Demographic Obstacles to European Growth

Cooley, Thomas F. - 2019

-supply choices. We quantify the growth effects from aging and from the financing of public pensions, and we estimate the welfare …

Persistent link: https://www.econbiz.de/10012858411

On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare

Krueger, Dirk - 2010

consumption, from higher wages associated with population aging. Older, asset-rich households tend to lose, because of the …

Persistent link: https://www.econbiz.de/10012760714

How Household Portfolios Evolve after Retirement : The Effect of Aging and Health Shocks

Coile, Courtney - 2010

Health and Retirement Study (HRS). In particular, we investigate the influence of aging and health shocks on a household …

Persistent link: https://www.econbiz.de/10012760785

Long-Term Care, Wealth, and Health of the Disabled Elderly Living in the Community

Garber, Alan M. - 2009

Providing and financing long-term care of the elderly are among the most challenging policy issues facing the aging …

Persistent link: https://www.econbiz.de/10012767111

Has Social Security Influenced Family Formation and Fertility in OECD Countries? An Economic and Econometric Analysis

Ehrlich, Isaac - 2010

There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than in OECD countries, some of which already face the prospect of population decline as well. While the trend is largely the result of structural economic and social changes, our...

Persistent link: https://www.econbiz.de/10012760413

The Economic Impact of Non-Communicable Disease in China and India : Estimates, Projections, and Comparisons

Bloom, David E. - 2013

This paper provides estimates of the economic impact of non-communicable diseases (NCDs) in China and India for the period 2012-2030. Our estimates are derived using WHO's EPIC model of economic growth, which focuses on the negative effects of NCDs on labor supply and capital accumulation. We...

Persistent link: https://www.econbiz.de/10013077651

Aging and International Capital Flows

Börsch-Supan, Axel; Ludwig, Alexander; Winter, Joachim - 2022

Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the … industrialized and less developed countries. To the extent that capital is internationally mobile, population aging will therefore … horizon. Our simulations suggest that capital flows from fast-aging industrial countries (such as Germany and Italy) to the …

Persistent link: https://www.econbiz.de/10013321586

The Impacts of COVID-19 Illnesses on Workers

Goda, Gopi Shah; Soltas, Evan - 2022

We show that Covid-19 illnesses persistently reduce labor supply. Using an event study, we estimate that workers with week-long Covid-19 work absences are 7 percentage points less likely to be in the labor force one year later compared to otherwise-similar workers who do not miss a week of work...

Persistent link: https://www.econbiz.de/10014077152

Health Capacity to Work at Older Ages : Evidence from Spain

Garcia-Gomez, Pilar - 2016

In a world with limited PAYGO financing possibilities this paper explores whether older Spanish individuals have the health capacity to work longer. For that purpose we use Milligan-Wise and Cutler-Meara Cutler-Meara- Richards-Shubik simulation methods. Our results suggest that Spanish workers...

Persistent link: https://www.econbiz.de/10012999445