Showing 1 - 10 of 173
Latin America was hit hard by Covid-19, both in terms of lives and livelihoods. Early lockdowns in the second quarter of 2020 prevented an explosion of deaths at the time but did not stop the pandemic from later wreaking havoc in the region. This paper investigates the dynamics of pandemics in...
Persistent link: https://www.econbiz.de/10012610772
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create disincentives to work. While there is substantial evidence showing limited effects of these programs on overall labor supply, the jury is still out with respect to their impact on formal...
Persistent link: https://www.econbiz.de/10012252007
fertility, and (iv) there is a need for more public spending on childcare for age 6-11 in Japan and Korea to help women continue …
Persistent link: https://www.econbiz.de/10011281943
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
This paper examines the effects of demographic dynamics on the measured rates of economic growth. First, it develops a model of production with labor productivity that varies with age. Second, it uses macroeconomic and demographic data to estimate the relative productivity of different age...
Persistent link: https://www.econbiz.de/10014395876
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household’s stochastic dynamic optimization problem are presented here. It is shown that the...
Persistent link: https://www.econbiz.de/10014395881
The Global Integrated Monetary and Fiscal model (GIMF) is a multi-region, forward-looking, DSGE model developed at the International Monetary Fund for policy analysis and international economic research. This paper documents the incorporation of demographic features into the model. The analysis...
Persistent link: https://www.econbiz.de/10012300678
We analyze microdata from Mexico's survey on household income and expenditures (ENIGH) to study the evolution of income inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected by government social policy. We find evidence of only a small decline in inequality...
Persistent link: https://www.econbiz.de/10012102100
Italy’s system of social protection has come under criticism for being fragmented and excessively skewed toward pensioners and “insiders.” After setting up a consolidated presentation of the social security accounts, this paper provides an empirical assessment of the effectiveness of the...
Persistent link: https://www.econbiz.de/10014401369
Throughout the world, the great popularity of programs to protect those who may fall into poverty stands in contrast with the weakness of policies aimed at helping individuals who are already poor to overcome long-term poverty. In the paper, an OLG model with persistent poverty and limited...
Persistent link: https://www.econbiz.de/10014401452