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This paper analyzes effects of population aging on the labor market and determines their broad implications for public policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The paper argues that, alongside the amply discussed,...
Persistent link: https://www.econbiz.de/10012470075
Slow moving demographics are aging populations around the world and pushing many countries into an extended period of …
Persistent link: https://www.econbiz.de/10012463135
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/10012461838
This article reviews and evaluates the nascent literature on the economics of climate engineering. The literature distinguishes between two broad types of climate engineering: solar radiation management and carbon dioxide removal. We review the science and engineering characteristics of these...
Persistent link: https://www.econbiz.de/10012456959
and poor countries observed in 1970 and 2000. Convergence in infant mortality has unambiguously reduced world inequality … in total length of life starting from birth, but world inequality in length of adult life has remained stagnant …
Persistent link: https://www.econbiz.de/10012462567
This paper evaluates the effects of population aging and fiscal policies on national saving in Korean situation. For the prediction of the national savings rate of Korea for the next several decades, we employ a life-cycle model, which incorporates the generational accounting approach needed to...
Persistent link: https://www.econbiz.de/10012466403
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth accumulation, expected asset returns, and global imbalances. Combining population forecasts with household survey data from 25 countries, we measure the compositional effect of aging:...
Persistent link: https://www.econbiz.de/10012616609
In theory, improvements in healthy life expectancy should generate increases in the average age of retirement, with little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent retirement ages from keeping pace with changes in life...
Persistent link: https://www.econbiz.de/10012466040
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/10012467872
developed world. Absent an immediate and dramatic change in immigration, dependency ratios will roughly double over the next … expansion of immigration, whether across all skill groups or among particular skill groups, will do remarkably little to alter …
Persistent link: https://www.econbiz.de/10012468181