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Simulating Russia’s and Other Large Economies’ Challenging and Interconnected Transitions

Benzell, Seth G. - 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/10012457398

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

This paper investigates the potential reasons for the surprisingly different labor market performance of the United States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates did not change substantially in Germany, increased and...

Persistent link: https://www.econbiz.de/10012457972

Macroeconomic Adjustment and the History of Crises in Open Economies

Aizenman, Joshua - 2012

In contrast, we find that past crisis experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries with more people who were exposed, over their lifetime, to larger disasters will tend to save more. This association, however,...

Persistent link: https://www.econbiz.de/10012460133

Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

Jones, Charles I. - 1999

This paper studies a growth model that is able to match several key facts of economic history. For thousands of years, the average standard of living seems to have risen very little, despite increases in the level of technology and large increases in the level of the population. Then, after...

Persistent link: https://www.econbiz.de/10012471409

The Impact of Young Workers on the Aggregate Labor Market

Shimer, Robert - 1999

This paper estimates the response of the unemployment rate and labor force participation rate to exogenous variation in the youth share of the working age population, using cross-state variation in lagged birth rates as an instrumental variable. A one percent increase in the youth share reduces...

Persistent link: https://www.econbiz.de/10012471478

Social Security and Demographic Uncertainty : The Risk Sharing Properties of Alternative Policies

Bohn, Henning - 1999

As the U.S. population ages, the growing retiree-worker ratio increases the burden of public retirement systems. Is it efficient to maintain a defined benefit social security system? Should PAYGO benefits be reduced and private retirement savings be encouraged? The paper examines these questions...

Persistent link: https://www.econbiz.de/10012471770

Ethnic Differences in Demographic Behavior in the United States : Has There Been Convergence?

Haines, Michael R. - 2002

This paper looks at the fertility, mortality, and marriage experience of racial, ethnic, and nativity groups in the United States from the 19th to the late 20th centuries. The first part consist of a description and critique of the racial and ethnic categories used in the federal census and in...

Persistent link: https://www.econbiz.de/10012469671

Demographic Transitions and Economic Miracles in Emerging Asia

Bloom, David E. - 1997

The demographic transition a change from high to low rates of mortality and fertility has been more dramatic in East Asia during this century than in any other region or historical period. By introducing demographic variables into an empirical model of economic growth, this essay shows that this...

Persistent link: https://www.econbiz.de/10012472544

Estimating Production Functions Using Inputs to Control for Unobservables

Levinsohn, James - 2000

We introduce a new method for conditioning out serially correlated unobserved shocks to the production technology by building ideas first developed in Olley and Pakes (1996). Olley and Pakes show how to use investment to control for correlation between input levels and the unobserved...

Persistent link: https://www.econbiz.de/10012470924

The Behavior of Interest Rates and Real Exchange Rates During a Liberalization Episode : The Case of Chile 1973-83

Edwards, Sebastian - 1985

Chile. The paper concentrates on the behavior of the real exchange rate and nominal and real interest rates during the … period 1977-83. It is argued that as a consequence of the liberalization of the capital account in Chile in 1979-81, dramatic … presented and applied to the case of Chile. The results obtained suggest that during this period interest rates responded both …

Persistent link: https://www.econbiz.de/10012477378

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