Narrow search
Showing 1 - 10 of 99
Cover Image
Macroeconomic Impacts of Global Demographic Change on Australia
Liu, Weifeng - 2020
The world will experience dramatic demographic change over this century. This paper examines the impacts of this global demographic change on the Australian economy at both the aggregate and sectoral levels in a global multi-region and multi-sector general equilibrium model. Using a detailed...
Persistent link: https://www.econbiz.de/10012838076
Cover Image
Global Macroeconomic Impacts of Demographic Change
Liu, Weifeng - 2020
The world has been experiencing dramatic demographic change since the 1950s, with almost all countries facing ageing challenges this coming century. However, the timing and speed of this demographic transition are significantly asymmetric across countries. This paper examines the impacts of...
Persistent link: https://www.econbiz.de/10012838254
Cover Image
Demographic Impacts on Life Cycle Portfolios and Financial Market Structures
Liu, Weifeng - 2020
This paper provides a framework to endogenize rates of return for risk-free bonds and risky capital in an overlapping generation model. The rate of return on capital is endogenized by introducing idiosyncratic production shocks to avoid computation challenges associated with aggregate production...
Persistent link: https://www.econbiz.de/10012839193
Cover Image
Females, the Elderly, and also Males : Demographic Aging and Macroeconomy in Japan
Kitao, Sagiri - 2019
The speed and magnitude of ongoing demographic aging in Japan are unprecedented. A rapid decline in the labor force and a rising fiscal burden to finance social security expenditures could hamper growth over a prolonged period. We build a dynamic general equilibrium model populated by...
Persistent link: https://www.econbiz.de/10012869145
Cover Image
Deflation Forces and Inequality
Tyers, Rod - 2018
Proximity to short yield zero lower bounds has challenged the inflation targeting central banks of the advanced regions. Central to this development are three-decade declining trends in long yields and underlying real, equilibrium interest rates that have flattened yield curves, restricting...
Persistent link: https://www.econbiz.de/10012922756
Cover Image
Global demographic change and international capital flows : Theory and empirics
Liu, Weifeng - 2021
While population has been aging globally, regions and countries are significantly asymmetric in the timing and speed of the demographic transitions, especially between developed and developing regions. This paper explores the impacts of asymmetric demographic change on international capital...
Persistent link: https://www.econbiz.de/10013212954
Cover Image
Aging Labor, ICT Capital, and Productivity in Japan and Korea
Lee, Jong-Wha; Kwak, Do Won; Song, Eunbi - 2020
This study examines how aging affects labor productivity using industry-level data of Japan and Korea. The analysis shows that, for both Japan and Korea, aging has positive effects on labor productivity when older workers are working in industries with a large share of information and...
Persistent link: https://www.econbiz.de/10014102316
Cover Image
Children Matter : Global Imbalances and the Economics of Demographic Transition
Batsuuri, Tsendsuren - 2022
This paper investigates the effect of child dependency on the economy and external imbalances under an asymmetric demographic and productivity transition within a lifecycle model. It embeds dependent children within a two-country model with lifecycle features to examine child dependency’s...
Persistent link: https://www.econbiz.de/10013295892
Cover Image
Demographic Dividends, Dependencies and Economic Growth in China and India
Golley, Jane - 2012
The world's two population giants have undergone significant, and significantly different, demographic transitions since the 1950s. The demographic dividends associated with these transitions during the first three decades of this century are examined using a global economic model that...
Persistent link: https://www.econbiz.de/10013110639
Cover Image
Mortality and Urbanization : An African Tragedy
Brueckner, Markus - 2016
urbanization. In the rest of the world, the relationship between adult mortality and urbanization is significantly negative. High … prevalence of HIV likely explains the absence of a significant negative relationship between adult mortality and urbanization in …, adult mortality and urbanization are significantly negatively correlated in sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10012980380