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Demographic change and the rate of return in PAYG pension systems
Schön, Matthias - 2020
The currently observed demographic change consists of two independent develop-ments that differ in structure and persistence: (1) A slow, monotonic and (presum-ably) permanent ageing effect caused by an increasing life expectancy; (2) a morerapidly changing, non-monotonic and less permanent...
Persistent link: https://www.econbiz.de/10012313783
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Can education compensate the effect of population aging on macroeconomic performance? : evidence from panel data
Kotschy, Rainer; Sunde, Uwe - 2018
This paper investigates the consequences of population aging and of changes in the education composition of the population for macroeconomic performance. Estimation results from a theoretically founded empirical framework show that aging as well as the education composition of the population...
Persistent link: https://www.econbiz.de/10011930455
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Demographic change and regional labour markets
Böhm, Michael; Gregory, Terry; Qendrai, Pamela; … - 2020
Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial variation across regions. In this paper we first use this spatial variation between 1975 and 2014 to estimate quasi- causal supply effects of ageing on regional labour market outcomes,...
Persistent link: https://www.econbiz.de/10012314983
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Der langfristige Zusammenhang zwischen demographischen und budgetären Variablen
Ulrich, Volker; Erbsland, Manfred - 1996
Persistent link: https://www.econbiz.de/10013428045
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Der langfristige Zusammenhang zwischen demographischen und budgetären Variablen
Ulrich, Volker; Erbsland, Manfred - 1996
The German population is aging. Since fewer children are born and simultaneously life expectancy rises, demographic changes will lead to a double aging process. The paper analyzes the effects of demographic changes on the public budget by applying a cointegration analysis to global budget...
Persistent link: https://www.econbiz.de/10011619306
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Demographic change and the German current account surplus
Schön, Matthias - 2020
This paper shows that demographic change plays an important role in the formation of a country's net foreign asset position. An ageing population both lowers the demand and increases the supply of capital in an economy. Fewer workers reduce the required capital stock. As a longer life span leads...
Persistent link: https://www.econbiz.de/10012406006
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Long-term outlook for the German statutory pension system
Schön, Matthias - 2020
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10012197894
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The impact of aging and automation on the macroeconomy and inequality
Stähler, Nikolai - 2020
robot technology increases long-run output per capita. In both cases, inequalities in labor income, wealth and consumption … aggregate and improve consumption possibilities for everyone, this comes at the cost of increased inequality because non …
Persistent link: https://www.econbiz.de/10012222578
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Do tax cuts increase consumption? : an experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - 2014
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …
Persistent link: https://www.econbiz.de/10010384031
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Does demography determine democratic attitudes?
Kotschy, Rainer; Sunde, Uwe - 2022
This paper presents new evidence on how demography affects democratic attitudes in Western democracies. Using individual survey responses, the empirical analysis disentangles age from cohort patterns and other contemporaneous economic and political influences that shape democratic attitudes. The...
Persistent link: https://www.econbiz.de/10014458830