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aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts … lower household saving rates in Japan and China …
Persistent link: https://www.econbiz.de/10013015546
Data on 2,355 married women from the 2006 China Health and Nutrition Survey are used to study how female employment … affects fertility in China. China has deep concerns with both population size and female employment, so the relationship … married woman's preferred number of children by 0.35 on average and her actual number by 0.50. Ramifications for China's one …
Persistent link: https://www.econbiz.de/10013145011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …
Persistent link: https://www.econbiz.de/10013129127
Persistent link: https://www.econbiz.de/10012767466
Implicit government obligations represent the lion's share of government liabilities in the U.S. and many other countries. Yet these liabilities are rarely measured, let alone properly adjusted for their risk. This paper shows, by example, how modern asset pricing can be used to value implicit...
Persistent link: https://www.econbiz.de/10012769639
The historical pattern of the demographic transition suggests that fertility declines follow mortality declines, followed by a rise in human capital accumulation and economic growth. The HIV/AIDS epidemic threatens to reverse this path. A recent paper by Young (2005), however, suggests that...
Persistent link: https://www.econbiz.de/10012770667
We investigate the consequences of demographic change for business cycle analysis. We find that changes in the age composition of the labor force account for a significant fraction of the variation in business cycle volatility observed in the U.S. and other G7 economies. During the postwar...
Persistent link: https://www.econbiz.de/10012771711
Baby Boomers have left a unique imprint on US culture and society in the last 60 years, and it might be anticipated that they will also put their own stamp on retirement, the last phase of the life cycle. Yet because Boomers have not all fully retired, we cannot yet judge how they will fare as...
Persistent link: https://www.econbiz.de/10012778121
This paper assesses the claim the the US faces an impending labor shortage due to the impending retirement of baby boomers and slow growth of the US work force, and that the country should orient labor market and educational policies to alleviate this prospective shortage. I find that this...
Persistent link: https://www.econbiz.de/10012778307
More than a half century after its peak, the baby boom's causes remain a puzzle. A new argument posits that rapid advancements in household technology from 1940 to 1960 account for this large increase in fertility. We present new empirical evidence that is inconsistent with this claim. Rapid...
Persistent link: https://www.econbiz.de/10012754941