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This paper uses the Auerbach-Kotlikoff Dynamic Simulation Model to compare the projected demographic transitions in Canada and the United States. The simulation model determines the perfect foresight transition path of an economy in which individuals live to age 75. The model's preferences are...
Persistent link: https://www.econbiz.de/10013126200
Population aging is primarily the result of past declines in fertility, which produced a decades long period in which the ratio of dependents to working age adults was reduced. Rising old-age dependency in many countries represents the inevitable passing of this %u201Cdemographic dividend.%u201D...
Persistent link: https://www.econbiz.de/10012761665
Persistent link: https://www.econbiz.de/10012767466
We assess the evidence on the contribution of changes in the population age structure to the changing fortunes of youths in labor markets in advanced economies over the 1970s, 1980s and early 1990s, and use this evidence to project the likely effects of future cohort sizes on youth labor...
Persistent link: https://www.econbiz.de/10013222038
The age-earnings profile of male workers is significantly influenced by the age composition of the workforce. When the number of young workers increased sharply in the 1970s, the profile "twisted" against them, apparently because younger and older male workers are imperfect substitutes in...
Persistent link: https://www.econbiz.de/10013228057
Real house prices are directly determined by the willingness of households to pay for (and willingness of builders to supply) a constant-quality house. Changes in the quantity of housing demanded will affect real prices only to the extent that the long-run housing supply schedule is positively...
Persistent link: https://www.econbiz.de/10013229812
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that robots substitute for middle-aged workers (those between the ages of 36 and 55). We then show...
Persistent link: https://www.econbiz.de/10012924461
, 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 similar to the quot;Black Deathquot; episode in Europe, HIV/AIDS will …
Persistent link: https://www.econbiz.de/10012770667
Using country- and region-level data, I investigate the effect of HIV/AIDS on fertility in Africa during 1985 …-sectional variation suggest a positive significant effect of HIV/AIDS on fertility, whereas within estimates that are identified of off … time-series variation show both positive and negative results depending on the HIV/AIDS variable used. These within …
Persistent link: https://www.econbiz.de/10013220972
This paper develops a covariate-based approach to the external validity of instrumental variables (IV) estimates. Assuming that differences in observed complier characteristics are what make IV estimates differ from one another and from parameters like the effect of treatment on the treated, we...
Persistent link: https://www.econbiz.de/10013135416