The world is in the midst of a major demographic transition. This paper examines the implications of such transition … over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world …

This paper considers the long-run evolution of the world economy in a model where countries'' opportunities to develop … opportunities for the remaining developing countries. Whether or not the world economy converges to widespread prosperity depends on …

Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas … between individual mortality and lifetime income with a large micro data base of current and former retired participants in … death between low and high lifetime income are on the order of two to three years. Income-related mortality differences …

This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests … Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality … replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined …