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Pension design when fertility fluctuates : the role of capital mobility and education financing
Zamac, Jovan - 2005
fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … individuals in the small open economy are unaffected by fertility fluctuations. …
Persistent link: https://www.econbiz.de/10010261351
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Religion and Growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
work effort, fertility, and the demographic transition. And it affects total factor productivity by constraining or …
Persistent link: https://www.econbiz.de/10014469796
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Population Growth and Carbon Emissions
Casey, Gregory; Galor, Oded - 2016
We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions …, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility … on carbon emissions accounting for the fact that changes in fertility patterns affect carbon emissions through three …
Persistent link: https://www.econbiz.de/10011584922
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Longevity Shocks with Age-Dependent Productivity Growth
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2015
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...
Persistent link: https://www.econbiz.de/10010531841
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Demography and innovative entrepreneurship
Bönte, Werner; Falck, Oliver; Heblich, Stephan - 2007
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010264224
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Annuity market imperfection, retirement and economic growth
Heijdra, Ben J.; Mierau, Jochen O. - 2009
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10010266022
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Demographic change and bank profitability: empirical evidence from German savings banks
Berlemann, Michael; Oestmann, Marco; Thum, Marcel - 2010
Most European economies will experience significant demographic changes in the decades ahead. Due to low birth rates, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking industry. A unique data set, which contains detailed...
Persistent link: https://www.econbiz.de/10010271784
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Economic growth and longevity risk with adverse selection
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2009
We study a closed economy featuring heterogeneous agents and exhibiting endogenous economic growth due to interfirm external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to each agent. Health type is private information and...
Persistent link: https://www.econbiz.de/10010274230
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Human capital accumulation and the macroeconomy in an ageing society
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2012
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010291543
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Does size matter? The impact of changes in household structure on income distribution in Germany
Peichl, Andreas; Pestel, Nico; Schneider, Hilmar - 2010
Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood as an increase in inequality of wages due to changes in bargaining power of employees. However, the role of changing household structure is widely neglected. Societal trends...
Persistent link: https://www.econbiz.de/10010274876