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remaining life expectancy and lower mortality risk relative to earlier time periods due to improvements in mortality. We examine … to determine what eligibility ages would be today and in 2050 if adjustments for mortality improvement were taken into … approximately 0.15 years annually. Failure to adjust for mortality improvement implies the percent of the population eligible to …
Persistent link: https://www.econbiz.de/10012758511
We face a variety of potential catastrophes; nuclear or bioterrorism, a climate catastrophe, and a "mega-virus" are examples. Martin and Pindyck (AER 2015) showed that decisions to avert such catastrophes are interdependent, so that simple cost-benefit analysis breaks down. They assumed that...
Persistent link: https://www.econbiz.de/10012957386
This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10013125156
men has declined in most developed countries. We use mortality as a measure of health to assess the capacity to work at … older ages in 12 OECD countries. For a given level of mortality, the employment rates of older workers vary substantially … across countries and over time within countries. At each mortality rate in 2007, if American men between the ages of 55 and …
Persistent link: https://www.econbiz.de/10013090626
The U.S. economy has recently experienced two, seemingly unrelated, phenomena: a large increase in post-retirement life expectancy and a major expansion in securitization and shadow banking activities. We argue they are intimately related. Agents rely on financial intermediaries to save for...
Persistent link: https://www.econbiz.de/10012861660
This paper provides estimates of the economic impact of non-communicable diseases (NCDs) in China and India for the period 2012-2030. Our estimates are derived using WHO's EPIC model of economic growth, which focuses on the negative effects of NCDs on labor supply and capital accumulation. We...
Persistent link: https://www.econbiz.de/10013077651
developed world. Absent an immediate and dramatic change in immigration, dependency ratios will roughly double over the next …
Persistent link: https://www.econbiz.de/10013237964
new panel data set of 75 cities for each year between 1929 and 1938 combines mortality rates for older age groups with …
Persistent link: https://www.econbiz.de/10013152730
, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using … behind. Each component we introduce plays a significant role in accounting for these differences, with mortality being most …
Persistent link: https://www.econbiz.de/10013138316
In a recent paper, Acemoglu and Johnson (2007) argue that the large increases in population health witnessed in the 20th century may have lowered income levels. We argue that this result depends crucially on their assumption that initial health and income do not affect subsequent economic...
Persistent link: https://www.econbiz.de/10013158030