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The Impact of Health and Education on Labor Force Participation in Aging Societies – Projections for the United States and Germany from a Dynamic Microsimulation

Böheim, René; Horvath, Thomas; Leoni, Thomas; … - National Bureau of Economic Research - 2021

2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections …Both the US and Germany are expected to undergo demographic aging, but their demographic fundamentals differ starkly … 2020 and 2060, while Germany will experience a decline by 10.7 percent (4.4 million workers). In these baseline projections …

Persistent link: https://www.econbiz.de/10012794562

Demographic Obstacles to European Growth

Cooley, Thomas F. - 2019

Since the early 1990's the growth rates of the four largest European economies--France, Germany, Italy, and the United …

Persistent link: https://www.econbiz.de/10012480447

Tax Aspects of Policy Towards Aging Populations : Canada and the United States

Auerbach, Alan J. - 1990

In comparing Canada with the U.S., we first simulate the U.S. demographic transition, treating the U.S. as a closed economy. The time path of interest rates obtained from the U.S. simulations are then used in the Canadian simulations. In the Canada simulations, Canada is assumed to be an open...

Persistent link: https://www.econbiz.de/10012475628

Population Aging and Economic Growth : From Demographic Dividend to Demographic Drag?

Kotschy, Rainer; Bloom, David E. - National Bureau of Economic Research - 2023

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Persistent link: https://www.econbiz.de/10014337818

Simulating Russia’s and Other Large Economies’ Challenging and Interconnected Transitions

Benzell, Seth G. - 2015

This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...

Persistent link: https://www.econbiz.de/10012457398

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/10012459326

Fiscal Limits in Advanced Economies

Leeper, Eric M. - 2011

Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...

Persistent link: https://www.econbiz.de/10012461838

Retirement in the Shadow (Banking)

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/10012480281

Societal Aging and its Impact on Singapore

Chen, Cynthia; Lim, Julian; Visaria, Abhijit; Chan, … - National Bureau of Economic Research - 2023

Societal aging is arguably one of our most critical demographic challenges, and Singapore is aging at a much faster rate compared to other countries. Population aging could negatively affect older adults, contribute to an increase in healthcare expenditure and increase caregivers' financial and...

Persistent link: https://www.econbiz.de/10014447279

Long-term Care in Germany

Geyer, Johannes; Börsch-Supan, Axel; Haan, Peter; … - National Bureau of Economic Research - 2023

This chapter provides an overview of the German long-term care insurance. We document care needs and wellbeing of the elderly population. Moreover, we provide a detailed description of the German long-term care institutions (sources of finance and types of benefits), the professional care work...

Persistent link: https://www.econbiz.de/10014437001