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There is growing concern about a decline in the total fertility rate worldwide, but nowhere is the concern greater than … generate incentives for individuals to reduce not just the fertility rate within families, but also the incentive to form … fertility rates. Our results show that the impact of social security on these variables has been non-trivial. Our calibrated …
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, combined with reduced fertility and increases in the working-age population, have contributed to economic growth in some areas …
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We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth accumulation, expected asset returns, and global imbalances. Combining population forecasts with household survey data from 25 countries, we measure the compositional effect of aging:...
Persistent link: https://www.econbiz.de/10012616609
Using a highly stylized dynamic microsimulation model, we project the labor force of the United States up to the year 2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections are consistent with the U S Census Bureau's and...
Persistent link: https://www.econbiz.de/10012794562
simulation model. In addition to describing general transition (as opposed to simply long run) affects of fertility change, the …, the savings inthe U.S. fertility currently underway can have very major impacts on long run factor returns and produce … in the case of a sustained dropin the fertility rate. This reflects, in part, the decline in the number of dependent …
Persistent link: https://www.econbiz.de/10012477787
population. In most non-OECD countries, declining fertility rates will cause labor-force-to-population ratios to rise as the …
Persistent link: https://www.econbiz.de/10012461952
This paper investigates how increases in the level of maximum earnings subject to the Social Security payroll tax have affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study to ask how different the present value of own benefits and taxes would...
Persistent link: https://www.econbiz.de/10012462156