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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/10010877922
fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that …
Persistent link: https://www.econbiz.de/10005765837
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
further scrutinizes how these determinants are affected by education. The results show that fear of diseases and involvement … mitigated through education that improves the individual health prevention as well as reduces the influence of clans. Economic … desired fertility between men and women emerges, nevertheless education leads both to reduction and convergence of their …
Persistent link: https://www.econbiz.de/10005698699