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On financing retirement, health, and long-term care in Japan

McGrattan, Ellen R.; Miyachi, Kazuaki; Peralta-Alva, Adrian - 2018

of Japan. We find that financing the costs of aging through gradual increases in the consumption tax rate delivers a …

Persistent link: https://www.econbiz.de/10011978385

Debt, Deficits, and Age-Specific Mortality

Faruqee, Hamid - 2002

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 rates, youth is ""fleeting."" Using standard...

Persistent link: https://www.econbiz.de/10014400071

More gray, more volatile? : aging and (optimal) monetary policy

Baksa, Daniel; Munkacsi, Zsuzsa - 2019

The evidence on the inflation impact of aging is mixed, and there is no evidence regarding the volatility of inflation …. Based on advanced economies' data and a DSGE-OLG model, we find that aging leads to downward pressure on inflation and … higher inflation volatility. Our paper is also the first, using this framework, to discuss how aging affects the transmission …

Persistent link: https://www.econbiz.de/10012103744

COVID-19 pandemic : asymmetric effects across gender and age

Caselli, Francesca; Grigoli, Francesco; Sandri, Damiano; … - 2020

Lockdowns and voluntary social distancing led to significant reduction in people's mobility. Yet, there is scant evidence on the heterogeneous effects across segments of the population. Using unique mobility indicators based on anonymized and aggregate data provided by Vodafone for Italy,...

Persistent link: https://www.econbiz.de/10012486075

Income inequality and education revisited : persistence, endogeneity, and heterogeneity

Coady, David P.; Dizioli, Allan - 2017

This paper presents new results on the relationship between income inequality and education expansion-that is, increasing average years of schooling and reducing inequality of schooling. When dynamic panel estimation techniques are used to address issues of persistence and endogeneity, we find a...

Persistent link: https://www.econbiz.de/10011704587

Deconstructing Job Creation

Garibaldi, Pietro - 1999

This paper studies net employment growth across 21 OECD economies in 1980-97, focusing on experiences within the European Union. It finds that sectoral effects can only partially account for differences in job creation. By contrast, it shows that a policy package including low taxation and...

Persistent link: https://www.econbiz.de/10014400873

Is the United States CPI Biased Across Income and Age Groups?

Erbas, S. Nuri - 1998

The recent Boskin Commission Report (1996) underscores a significant upward bias in CPI measurement in the United States. This may result in excessive cost-of-living adjustment (COLA) of some entitlements in the federal budget because COLA is indexed to CPI. This paper presents some evidence...

Persistent link: https://www.econbiz.de/10014401311

Demographics, pension systems and the saving-investment balance

Chai, Hua; Kim, Jun-il - 2018

This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...

Persistent link: https://www.econbiz.de/10011978553

Capital regulation, liquidity requirements and taxation in a dynamic model of banking

De Nicolò, Gianni; Gamba, Andrea; Lucchetta, Marcella - 2012

Persistent link: https://www.econbiz.de/10009572425

Precautionary savings in the Great Recession

Mody, Ashoka; Ohnsorge, Franziska; Sandri, Damiano - 2012

Persistent link: https://www.econbiz.de/10009572544

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