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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

Long-Term Labour Force Projections for the 25 EU Member States:A set of data for assessing the economic impact of ageing

Carone, Giuseppe - EconWPA - 2005

This paper presents the methodology and results of labour force projections over the long term (until 2050) for each of the 25 EU Member States. These projections were undertaken in order to provide the background technical inputs for the assessment of the potential economic and fiscal impact of...

Persistent link: https://www.econbiz.de/10005125752

A Stochastic Model of Mortality, Fertility, and Human Capital Investment

Kalemli-Ozcan, Sebnem - EconWPA - 2002

This paper examines the relationship between fertility and human capital investment, and it’s implications for economic growth, focusing on the e ects of declining mortality. Unlike the existing literature, this paper stresses the role of uncertainty about the number of surviving children. If...

Persistent link: https://www.econbiz.de/10005126196

Mortality Change, the Uncertainty Effect, and Retirement

Kalemli-Ozcan, Sebnem; Weil, David - EconWPA - 2002

We examine the role of changing mortality in explaining the rise of retirement over the course of the 20th century. We construct a model in which individuals make labor/leisure choices over their lifetimes subject to uncertainty about their date of death. In an environment in which mortality is...

Persistent link: https://www.econbiz.de/10005126354

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

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

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