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This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...
Persistent link: https://www.econbiz.de/10013136497
the existing fertility-mortality rates and the level of annual net-migration. We employ a combination of a demographic and … to attract migrants. We nevertheless report results when varying fertility and mortality assumptions. The impact of …
Persistent link: https://www.econbiz.de/10012777449
The demographic transition the move from a high fertility/high mortality regime into a low fertility/low mortality … and increasing speed of transitions. It also produces a strong correlation between the speeds of fertility transition and …
Persistent link: https://www.econbiz.de/10014076463
. Over the long run, reductions in child mortality rates are associated with lower demand for children and fertility rates … Universal Immunization Programme or UIP). We combine data on the district-wise rollout of UIP during 1985–1990 with fertility …
Persistent link: https://www.econbiz.de/10014078010
sex ratio in World War II contributed to a lower decline in fertility and child mortality rates in postwar Japan. In … particular, the fertility rate would have fallen by an additional 12% and the child mortality rate by an additional 13% between …
Persistent link: https://www.econbiz.de/10013227184
the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …
Persistent link: https://www.econbiz.de/10013110845
contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three … chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and … decrease fertility less. Finally, the effects of the social security tax on capital per worker are negative with mandatory …
Persistent link: https://www.econbiz.de/10012870250
The effect of demographic change on the labor force and on fiscal revenues is topical in light of potential pension shortfalls. This paper evaluates the effect of demographic changes between 2010 and 2030 on labor force participation and government budgets in the EU-27. Our analysis involves the...
Persistent link: https://www.econbiz.de/10013001855
Individuals aged 65 years and older currently make up a larger share of the population than ever before, and this group is predicted to continue growing both in absolute terms and relative to the rest of the population. This chapter begins by introducing the facts, figures, and forecasts...
Persistent link: https://www.econbiz.de/10012983909
This chapter connects population aging with international migration. After documenting the trends for both, we review the supply-push and demand-pull determinants of migration, focusing particularly on the role of age and aging. We subsequently discuss the literature concerning the implications...
Persistent link: https://www.econbiz.de/10013031088