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economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical … growth model using country panel data from 1950-2015. We then juxtapose the estimates with predicted shifts in population age … structure to project economic growth in 2020-2050. Our results indicate that population aging will slow economic growth …
Persistent link: https://www.econbiz.de/10014332127
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...
Persistent link: https://www.econbiz.de/10010528342
more generally. Using a novel dataset that provides information on spatial variation in Plague mortality at the city level … growth. On average, cities recovered their pre-Plague populations within two centuries. In addition, aggregate convergence … population returns to high-mortality locations endowed with more rural and urban fixed factors of production. Land suitability …
Persistent link: https://www.econbiz.de/10011977143
This paper documents a positive relationship between labor-friendly institutions and investment in industrial robots in a sample of advanced economies. Institutions explain a substantial proportion of cross-country variation in automation. The relationship between institutions and robots is...
Persistent link: https://www.econbiz.de/10012103580
complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized …. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income …-tax distortions of labor supply, thereby raising welfare. In the calibrated model, the optimal robot tax for the US is positive and …
Persistent link: https://www.econbiz.de/10011926330
In this paper, we examine the effects of the Covid-19 pandemic on individual aging and longevity with special focus on socioeconomic disparities in health outcomes. We also explore the individual-specific effects of Long Covid. We develop and calibrate a health economic model based on principles...
Persistent link: https://www.econbiz.de/10014529184
relative wage growth in high-wage occupations and significantly contributes to routine- and abstract-biased labor market …
Persistent link: https://www.econbiz.de/10014507782
premature death, pension policies and long-term care. -- life expectancy ; mortality ; optimal public policy …
Persistent link: https://www.econbiz.de/10009621750
population aging may facilitate the adoption of strategies and policies encouraging inventive activity and economic growth. …
Persistent link: https://www.econbiz.de/10011447559
This paper examines the labor market implications of investment in automation over the life cycle of ICT and robot …
Persistent link: https://www.econbiz.de/10014490819