, results in welfare losses for at least a segment of the population, after a capital tax cut and a concurrent labour tax …

Economic and policy implications of population aging / Robert Clark, Andrew Mason, Naohiro Ogawa -- Population aging …, David Canning, Michael Moore, Younghwan Song -- Modeling the effects of population aging on consumption in the presence of … -- Population aging and health care spending in Japan : public- and private-sector responses / Naohiro Ogawa, Andrew Mason, Maliki …

population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous … redistribution, do not compete with immigrants in the labor market, and do not compete with immigrants for publicly financed income … transfers. For the economy at large, high-fertility unskilled immigrants and a low-fertility indigenous population result in …

a highly indebted open economy. In contrast to the standard open economy framework, search unemployment and wage … intertemporal welfare gain, even though unemployment increases strongly in the short run. A 50% haircut of foreign debt … significantly reduces the initial response of the unemployment rate. In case of a temporary productivity shock, sticky wages imply …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a …

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …