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Ageing and Productivity Growth: Are there Macro-level Cohort Effects of Human Capital?

Werding, Martin - CESifo - 2008

demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …

Persistent link: https://www.econbiz.de/10005406417

Human Capital Accumulation and the Macroeconomy in an Ageing Society

Heijdra, Ben J.; Reijnders, Laurie S. M. - CESifo - 2012

How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...

Persistent link: https://www.econbiz.de/10010877922

Does Size Matter? The Impact of Changes in Household Structure on Income Distribution in Germany

Peichl, Andreas; Pestel, Nico; Schneider, Hilmar - CESifo - 2010

Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood as an increase in inequality of wages due to changes in bargaining power of employees. However, the role of changing household structure is widely neglected. Societal trends...

Persistent link: https://www.econbiz.de/10008727303

Ageing and Growth in the Small Open Economy

Heijdra, Ben J.; Romp, Ward E. - CESifo - 2006

We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...

Persistent link: https://www.econbiz.de/10005094204

Retirement, Pensions, and Ageing

Heijdra, Ben J.; Romp, Ward E. - CESifo - 2007

We study the effects of demographic shocks and changes in the pension system on the macroeconomic performance of an advanced small open economy. An overlapping-generations model is constructed which includes a realistic description of the mortality process. Individual agents choose their optimal...

Persistent link: https://www.econbiz.de/10005094360

Pharmaceutical Innovation, Longevity, and Medical Expenditure in Greece, 1995-2010

Lichtenberg, Frank - CESifo - 2015

Longitudinal, disease-level data are used to analyze the impact of pharmaceutical innovation on longevity (mean age at death), hospital utilization, and medical expenditure in Greece during the period 1995-2010. The estimates indicate that pharmaceutical innovation increased mean age at death by...

Persistent link: https://www.econbiz.de/10011122677

The Impact of Pharmaceutical Innovation on Longevity and Medical Expenditure in Sweden, 1997-2010: Evidence from Longitudinal, Disease-Level Data

Lichtenberg, Frank; Pettersson, Billie - CESifo - 2012

We use longitudinal, disease-level data to analyze the impact of pharmaceutical innovation on longevity and medical expenditure in Sweden, where mean age at death increased by 1.88 years during the period 1997-2010. Pharmaceutical innovation is estimated to have increased mean age at death by...

Persistent link: https://www.econbiz.de/10010569681

Social Interaction and Urban Sprawl

Brueckner, Jan K.; Largey, Ann G. - CESifo - 2006

Various authors, most notably Putnam (2000), have argued that low-density living reduces social capital and thus social interaction, and this argument has been used to buttress criticisms of urban sprawl. If low densities in fact reduce social interaction, then an externality arises, validating...

Persistent link: https://www.econbiz.de/10005416499

Migration-Regime Liberalization and Social Security: Political-Economy Effect

Razin, Assaf; Sand, Edith - CESifo - 2009

The pay-as-you-go social security system, which suffers from dwindling labor force, can benefit from immigrants with birth rates that exceed the native-born birth rates in the host country. Thus, a social security system provides effectively an incentive to liberalize migration policy. The paper...

Persistent link: https://www.econbiz.de/10004979409

Demographic Transition and Political Stability: Does Corruption Matter?

Farzanegan, Mohammad Reza; Witthuhn, Stefan - CESifo - 2014

A demographic transition resulting from an increase in the size of the young working age population can be a blessing or a curse for economic performance. We focus on the political stability effects of a larger youth population and hypothesize that corruption matters in this nexus. Using panel...

Persistent link: https://www.econbiz.de/10011103400