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This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
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We study how occupations shape individual and aggregate retirement behavior. First, we document large differences in individual retirement ages across occupations in U.S. data. We then show that retirement behavior among European workers is strongly correlated with U.S. occupational retirement...
Persistent link: https://www.econbiz.de/10014358043
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Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...
Persistent link: https://www.econbiz.de/10010264296
One of the most important controversies in health economics concerns the question whether the imminent aging of the … expenditures of the high age classes and thus overstates the increase of future HCE due to aging. Secondly, we show that the non … find that population aging will in fact contribute to rising HCE in the coming decades. We also find that the impact of …
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We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10010266008