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Debt-Constraints or Incomplete Markets? A Decomposition of the Wealth and Consumption Inequality in the U.S.

Cordoba, Juan-Carlos - EconWPA - 2004

The large wealth and consumption inequality in the U.S. is usually attributed to two market frictions: debt constraints … large wealth dispersion and wealth concentration in the top tail of the distribution in the U.S. …

Persistent link: https://www.econbiz.de/10005412632

Savings, Intergenerational Transfers, and the Distribution of Wealth

Ocampo, Ignacio Ponce; Yuki, Kazuhiro - EconWPA - 2005

This paper investigates the quantitative importance of different savings motives on the distributions of wealth and …

Persistent link: https://www.econbiz.de/10005561081

The Evolution of Wealth Inequality in Canada, 1984-1999

Morissette, Rene; Zhang, Xuelin; Drolet, Marie - EconWPA - 2004

evolution of wealth inequality in Canada between 1984 and 1999. Our main findings are as follows: 1) Wealth inequality has … increased between 1984 and 1999; 2) the growth in wealth inequality has been associated with substantial declines in real … average and median wealth for recent immigrants and young couples with children; 3) real median wealth and real average wealth …

Persistent link: https://www.econbiz.de/10005077085

Ageing, interest rates, and financial flows

Saarenheimo, Tuomas - EconWPA - 2005

The median age of the global population is presently increasing by nearly three months every year. Over the next couple of decades, almost every country in the world is set to experience an unprecedented increase in the share of elderly population. This development has the potential to...

Persistent link: https://www.econbiz.de/10005408320

Next in Line – Romanians at the Gates of the EU (emigrants, border control, legislation)

SIMINA, Ovidiu - EconWPA - 2005

The first of May 2004 marked an important date in the history of Europe as a political, geographic, and social entity. After years of negotiations, ten European countries joined the European Union, bringing in their potential and expectations, adding a total population of 75 million people and a...

Persistent link: https://www.econbiz.de/10005408352

Présentation de la Maquette Retraites MARS-2003

Bellone, Benoit; Vincent, Alexandre - EconWPA - 2004

This paper describes the model MARS, which is the shared property of the DP and the DSS. Currently, MARS aims at planning the general evolution of the first pillar pension scheme for private sector wage-earners, based on macroeconomic and demographic data. It allows to evaluate the impact of...

Persistent link: https://www.econbiz.de/10005408414

Population ageing, labour markets and the outlook for public finances

Kinnunen, Helvi - EconWPA - 2004

Keeping public finances on a sustainable foundation while the population ages is clearly a problem in Finland, as in many other western countries. The shrinking of the working-age population, ageing of the labour force, and growth in the number of very old persons form a difficult combination...

Persistent link: https://www.econbiz.de/10005412491

Does the Mortality Decline Promote Economic Growth?

Kalemli-Ozcan, Sebnem - EconWPA - 2002

This paper analyzes qualitatively and quantitatively the e ects of declining mortality rates on fertility, education and economic growth. The analysis demonstrates that if individuals are prudent in the face of uncertainty about child survival, a decline in an exogenous mortality rate reduces...

Persistent link: https://www.econbiz.de/10005412569

China’s Economic Growth 1978-2025: What We Know Today about China’s Economic Growth Tomorrow

Holz, Carsten A. - EconWPA - 2005

Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...

Persistent link: https://www.econbiz.de/10005062447

From Stagnation to Growth: Unified Growth Theory

Galor, Oded - EconWPA - 2004

This chapter examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the course...

Persistent link: https://www.econbiz.de/10005062763

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