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Economic Implications of China's Demographics in the 21st Century
Cheng, Kevin C. - 2003
general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low … fertility today lowers the domestic return to capital and raises the domestic return to labor. In addition, the paper finds no …
Persistent link: https://www.econbiz.de/10014404019
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Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004
International Monetary Fund - 2005
the turnaround in Pakistan''s external current account during this period; (2) while Pakistan''s growth was mainly export … investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed … strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …
Persistent link: https://www.econbiz.de/10014400063
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Generational aspects of inclusive growth
Baduel, Bénédicte; Isakova, Asel; Ter-Martirosyan, Anna - 2021
Sharing economic benefits equitably across all segments of society includes addressing the specific challenges of different generations. At present, youth and elderly are particularly vulnerable to poverty relative to adults in their middle years. Broad-based policies should aim to foster youth...
Persistent link: https://www.econbiz.de/10012518902
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Labor market reform options to boost employment in South Africa
Duval, Romain; Ji, Yi; Shibata, Ippei - 2021
Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...
Persistent link: https://www.econbiz.de/10012612327
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Youth unemployment in Uruguay
Torres, Jose; McKenzie, Sidonia - 2020
Uruguay enjoys favorable social outcomes, and its labor indicators are comparable to other Latin American countries, but its youth unemployment is one of the highest in the world. To help understand this duality, we employ synthetic panels from repeated household surveys for LA6 countries from...
Persistent link: https://www.econbiz.de/10012486068
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Job polarization and the declining fortunes of the young : evidence from the United Kingdom
Dabla-Norris, Era; Pizzinelli, Carlo; Rappaport, Jay - 2019
This paper uses a life-cycle framework to document new stylized facts about the nexus between job polarization and earnings inequality. Using quarterly labor force data for the UK over the period 2000-2018, we find clear life-cycle profiles in the probability of being employed within each...
Persistent link: https://www.econbiz.de/10012112127
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Who creates new firms when local opportunities arise?
Bernstein, Shai; Colonnelli, Emanuele; Malacrino, Davide; … - 2018
New firm formation is a critical driver of job creation, and an important contributor to the responsiveness of the economy to aggregate shocks. In this paper we examine the characteristics of the individuals who become entrepreneurs when local opportunities arise due to an increase in local...
Persistent link: https://www.econbiz.de/10011932382
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Strategies for reforming Korea’s labor market to foster growth
Dao, Mai; Furceri, Davide; Hwang, Jisoo; Kim, Meeyeon; … - 2014
Persistent link: https://www.econbiz.de/10010441734
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Youth unemployment in advanced Europe : Okun’s law and beyond
Banerji, Angana; Lin, Huidan; Saksonovs, Sergejs - 2015
The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that much of the increase in youth unemployment...
Persistent link: https://www.econbiz.de/10014275787
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Strategies for Reforming Korea’s Labor Market to Foster Growth
Dao, Mai - 2014
While the Korean unemployment rates are currently among the lowest in OECD countries, the labor market duality and the underemployment in some segments of the population are important labor market challenges, and factors contributing to lower potential growth. The paper shows the benefits of...
Persistent link: https://www.econbiz.de/10014411461