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Efficiency in family bargaining: living arrangements and caregiving decisions of adult children and disabled elderly parents
Pezzin, Liliana E.; Pollak, Robert A.; Schone, Barbara S. - 2007
In this paper, we use a two-stage bargaining model to analyze the living arrangement of a disabled elderly parent and the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent can live in a nursing home, live alone in the...
Persistent link: https://www.econbiz.de/10010264063
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Morbidity, mortality, health expenditures and annuitization
Tang, Kam Ki; Zhang, Jie - 2007
In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...
Persistent link: https://www.econbiz.de/10010264199
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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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Demographic change and regional labour markets: the case of Eastern Germany
Henschel, Beate; Pohl, Carsten; Thum, Marcel - 2008
Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...
Persistent link: https://www.econbiz.de/10010264373
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Economic growth and subjective well-being: reassessing the Easterlin paradox
Stevenson, Betsey; Wolfers, Justin - 2008
The Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10010264434
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Macroeconomic modeling when agents are imperfectly informed
De Grauwe, Paul - 2008
DSGE-models have become important tools of analysis not only in academia but increasingly in the board rooms of central banks. The success of these models has much to do with the coherence of the intellectual framework it provides. The limitations of these models come from the fact that they...
Persistent link: https://www.econbiz.de/10010273776
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Population, population density, and technological change
Klasen, Stephan; Nestmann, Thorsten - 2004
In a model on population and endogenous technological change, Kremer combines a short-run Malthusian scenario where income determines the population that can be sustained, with the Boserupian insight that greater population spurs technological change and can therefore lift a country out of its...
Persistent link: https://www.econbiz.de/10010261207
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The political economy of intergenerational cooperation
Cigno, Alessandro - 2005
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10010261395
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Optimal Social Insurance and Health Inequality
Grossmann, Volker; Strulik, Holger - 2015
This paper integrates into public economics a biologically founded, stochastic process of individual ageing. The novel …
Persistent link: https://www.econbiz.de/10011388275
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Ageing, funded pensions and the Dutch economy
Bovenberg, Ary Lans; Knaap, Thijs - 2005
This paper attempts to paint a coherent picture of the effects of ageing on a small, open, economy with large pension … equilibrium model with institutional details. We find that ageing leads to a tighter labor market, increasing costs for both … burden of ageing is the eventual size of the increase in labor market participation of older workers. The intergenerational …
Persistent link: https://www.econbiz.de/10010272714