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Global Demographic Change : Dimensions and Economic Significance
Bloom, David E.; Canning, David - 2021
Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while rising longevity has perhaps increased both the incentive to invest in education and to save for retirement....
Persistent link: https://www.econbiz.de/10013218540
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Retirement in the Shadow (Banking)
Ordoñez, Guillermo - 2019
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
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Simulating Russia's and Other Large Economies’ Challenging and Interconnected Transitions
Benzell, Seth - 2015
This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...
Persistent link: https://www.econbiz.de/10013021019
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
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The Economic Impact of Non-Communicable Disease in China and India : Estimates, Projections, and Comparisons
Bloom, David E. - 2013
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
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The Impact of Health and Education on Labor Force Participation in Aging Societies – Projections for the United States and Germany from a Dynamic Microsimulation
Böheim, René; Horvath, Thomas; Leoni, Thomas; … - 2023
2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections …. Both the US and Germany are expected to undergo demographic aging, but their demographic fundamentals differ starkly. This … 2020 and 2060, while Germany will experience a decline by 10.7 percent (4.4 million workers). In these baseline projections …
Persistent link: https://www.econbiz.de/10014347913
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Old Europe Ages : Reforms and Reform Backlashes
Börsch-Supan, Axel H. - 2010
focuses on three large Continental European countries: France, Germany, and Italy. These countries have large pay …
Persistent link: https://www.econbiz.de/10013147613
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Unhappiness and Age
Blanchflower, David G. - 2022
I examine the relationship between unhappiness and age using data from six well-being data files on nearly ten million respondents across forty European countries and the United States. I use fifteen different individual characterizations of unhappiness including despair; anxiety; loneliness;...
Persistent link: https://www.econbiz.de/10013323984
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Aging in Germany and the United States : International Comparisons
Börsch-Supan, Axel H. - 2021
subsidies on retirement, savings and housing choices in the two countries. Germany faces a particularly pronounced aging process … percent at its peak in 2030. In this respect, changes that are occurring in Germany now may be regarded as indicative for … changes to come in the United States. Retirement, savings and housing behavior differ quite markedly between Germany and the …
Persistent link: https://www.econbiz.de/10013227208
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Aging, Pension Reform, and Capital Flows : A Multi-Country Simulation Model
Börsch-Supan, Axel H.; Ludwig, Alexander; Winter, … - 2021
Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second this process may be amplified when a pension reform shifts old-age provision towards more pre-funding....
Persistent link: https://www.econbiz.de/10013227231