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Human Capital Accumulation and the Macroeconomy in an Ageing Society

Heijdra, Ben J.; Reijnders, Laurie S. M. - CESifo - 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/10010877922

Human Capital Mobility: Implications for Efficiency, Income Distribution, and Policy

Wildasin, David E. - CESifo - 2014

Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...

Persistent link: https://www.econbiz.de/10010877955

Repeated Selection with Heterogenous Individuals and Relative Age Effects

Dawid, Herbert; Mühlheusser, Gerd - CESifo - 2012

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount …

Persistent link: https://www.econbiz.de/10010542014

Pension Design when Fertility Fluctuates: The Role of Capital Mobility and Education Financing

Zamac, Jovan - CESifo - 2005

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

Ageing and Growth in the Small Open Economy

Heijdra, Ben J.; Romp, Ward E. - CESifo - 2006

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

Optimal Education with Mobile Capital. An OLG Approach (new title: Optimal Public Education under Capital Mobility)

Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2000

education with and without capital markets integration. First, we explore how regimes of education provision - public, private …-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a … competition game where countries compete in the provision of public education. …

Persistent link: https://www.econbiz.de/10005094431

Social Security Incentives and Human Capital Investment

Lau, Morten I.; Poutvaara, Panu - CESifo - 2001

While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals’ incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical...

Persistent link: https://www.econbiz.de/10005181353