Showing 1 - 10 of 179
Europe will be challenged by demographic changes over the next few decades, even under favourable assumptions about fertility and migration, but the economic effects are not yet fully understood. This paper studies the effects of population ageing on economic growth, capital deepening and...
Persistent link: https://www.econbiz.de/10013417455
into account the impact of population aging on labour productivity. China’s fast move towards robotisation and artificial …
Persistent link: https://www.econbiz.de/10014466599
Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012911691
We study the economic effects of religious practices in the context of the observance of Ramadan fasting, one of the central tenets of Islam. To establish causality, we exploit variation in the length of the fasting period due to the rotating Islamic calendar. We report two key, quantitatively...
Persistent link: https://www.econbiz.de/10013071304
Goldin and Katz's The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...
Persistent link: https://www.econbiz.de/10013110940
The share of the population aged 60 and over is projected to increase in nearly every country in the world during 2005-2050. Population ageing will tend to lower both labor-force participation and savings rates, thereby raising concerns about a future slowing of economic growth. Our calculations...
Persistent link: https://www.econbiz.de/10013131060
This paper examines issues of household saving, growth. and aging in Taiwan. The Taiwanese patterns of high income …
Persistent link: https://www.econbiz.de/10013125763
Throughout the 21st century, population aging in the United States will lead to increases in the number of elderly … aging will lead to future reductions in output of 17% by 2056 and 39% by 2096 relative to an economy with a constant …
Persistent link: https://www.econbiz.de/10012893609
them will shed light on the economic implications of population aging under alternative institutional arrangements …
Persistent link: https://www.econbiz.de/10012760498
Population aging is widely assumed to have detrimental effects on economic growth yet there is little empirical … trends in fertility. We use predicted variation in the rate of population aging across U.S. states over the period 1980 …-2010 to estimate the economic impact of aging on state output per capita. We find that a 10% increase in the fraction of the …
Persistent link: https://www.econbiz.de/10012968653