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We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …
Persistent link: https://www.econbiz.de/10012156427
Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …
Persistent link: https://www.econbiz.de/10013365108
The Preston Curve - the increasing relation between income per capita and life expectancy - cannot be observed in countries where old-age dependency is widespread (that is, where long-term care (LTC) spending per capita is high). The absence of the Preston Curve in countries with high old-age...
Persistent link: https://www.econbiz.de/10014429577
fertility effects of peo- ple getting the virus may be minor, the impact of delayed marriages due to the first preventive …- ousness should accentuate this fertility effect. The net fertility impact of the Covid-19 outbreak would ultimately depend not …
Persistent link: https://www.econbiz.de/10012505098
Welfare States do not insure citizens against the risk of premature death, i.e., the risk of having a short life. Using a dynamic OLG model with risky lifetime, this paper compares two insurance devices reducing well-being volatility due to the risk of early death: (i) an ante-mortem age-based...
Persistent link: https://www.econbiz.de/10014432194
-COVID-19 excess mortality may have been slightly higher that what has been previously estimated. Regarding deaths not due to … ease the pressure on healthcare service systems may adversely affect out-of-hospital mortality from other causes. …
Persistent link: https://www.econbiz.de/10013259172
Nozick's "utility monster" - a being who is more efficient than other persons at transforming resources into well-being - is often regarded as deeply impossible, on the ground of the incapacity of a single person to have a life that is better than a large number of other lives. In this article,...
Persistent link: https://www.econbiz.de/10013414177
Does national team performance boost birth rates? We compiled a unique dataset combining country-level monthly birth rates for 50 European countries, along 56 years, with measures of national teams' performance in 27 international football events. We find that an increase in national teams'...
Persistent link: https://www.econbiz.de/10012533859
and the associated rise in infectious diseases triggered a process of adaptation reducing mortality from infectious …
Persistent link: https://www.econbiz.de/10013164530
effect of tropical storm frequency and severity on mortality using objective meteorological data and the universe of vital … dispersion and population density along the storm track, I project changes in past storm-related mortality under various …
Persistent link: https://www.econbiz.de/10012162952