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Demographic Change and Public Sector Budgets in a Federal System
Hofmann, Michael; Kempkes, Gerhard; Seitz, Helmut - 2021
This paper examines the effects of demographic change on public finances in a federal system. We develop a simple methodical procedure to measure the effect of demographic changes on public revenues and expenditures. We apply our method to the local, state and federal government sector as well...
Persistent link: https://www.econbiz.de/10013316520
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Growth and the Ageing Joneses
Fisher, Walter H.; Heijdra, Ben J. - 2021
policy shocks. We find that a higher degree of KUJ lowers economic growth, while, in contrast, a decrease in the fertility …
Persistent link: https://www.econbiz.de/10013316442
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...
Persistent link: https://www.econbiz.de/10013316605
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Did the Black Death Cause Economic Development by 'Inventing' Fertility Restriction?
Edwards, Jeremy - 2018
unmarried women, thereby delaying female marriage, lowering fertility, and unleashing economic growth. We show that this …
Persistent link: https://www.econbiz.de/10012916356
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Demographic Change and Regional Labour Markets : The Case of Eastern Germany
Henschel, Beate; Pohl, Carsten; Thum, Marcel P. - 2021
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/10013316521
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Probabilistic Aging
Grafenhofer, Dominik; Jaag, Christian; Keuschnigg, Christian - 2021
The paper develops an overlapping generations model with probabilistic aging of households. We define age as a set of personal attributes such as earnings potential, health and tastes that are characteristic of a person's position in the life-cycle. In assuming a limited number of different...
Persistent link: https://www.econbiz.de/10013318579
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Global Demographic Change and Climate Policies
Gerlagh, Reyer - 2017
Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate … the OLG-demography literature, such as a rise in households' savings, and a declining rate of return to capital. We also …
Persistent link: https://www.econbiz.de/10012947882
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Inherited Wealth and Demographic Aging
Onder, Harun - 2016
annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited … distributed if aging is driven by a drop in fertility. In comparison, the effect of increasing longevity on their distribution in …
Persistent link: https://www.econbiz.de/10012985794
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What Explains Fertility? Evidence from Italian Pension Reforms
Billari, Francesco C.; Galasso, Vincenzo - 2021
predicts lower future pensions to reduce fertility, while the 'old-age security' to increase it. Our empirical analysis … identifies a clear and robust positive effect of less generous future pensions on post-reform fertility. These findings are … consistent with 'old-age security' even for contemporary fertility …
Persistent link: https://www.econbiz.de/10013316377
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Fertility, Female Labor Supply, and Family Policy
Fehr, Hans - 2011
The present paper develops a general equilibrium model with overlapping generations and endogenous fertility in order … to analyze the interaction between public policy and household labor supply and fertility decisions. The model … benefit system and analyze the long-run impact on fertility and female labor supply. Our simulations indicate three central …
Persistent link: https://www.econbiz.de/10013124970