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Does Age Structure Forecast Economic Growth?

Bloom, David E. - 2007

Increases in the proportion of the working age population can yield a "demographic dividend" that enhances the rate of economic growth. We estimate the parameters of an economic growth model with a cross section of countries over the period 1960 to 1980 and investigate whether the inclusion of...

Persistent link: https://www.econbiz.de/10012465433

The Savings Glut of the Old : Population Aging, the Risk Premium, and the Murder-Suicide of the Rentier

Kopecky, Joseph; Taylor, Alan M. - National Bureau of Economic Research - 2022

changes in safe rates using demographics. We go further to account for divergent returns on different assets as well as the … assets (a safe bond and equity) and with aggregate risk. Aging demographics can help to simultaneously explain three key … elevated, as post-boomer demographics push asset returns to unprecedented and persistently low levels …

Persistent link: https://www.econbiz.de/10013191039

Demographic Effects on the Impact of Monetary Policy

Leahy, John V. - 2019

We study whether the effects of monetary policy are dependent on the demographic structure of the population. We exploit cross-sectional variation in the response of US states to an identified monetary policy shock. We find that there are three distinct age groups. In response to an increase in...

Persistent link: https://www.econbiz.de/10012480269

Demand for Older Workers : What Do Economists Think? What Are Firms Doing?

Allen, Steven G. - 2019

The employment rate for workers 55 and over has been increasing across the world for the last decade. This creates opportunities for employers to diversify their workforce and retain valuable knowledge and skills, while at the same time posing the challenge of rising labor costs and blocked...

Persistent link: https://www.econbiz.de/10012480541

Union Membership Peaks in Midlife

Blanchflower, David G. - 2020

Using data from 68 countries on over 8 million respondents over forty years we show union membership peaks in midlife - usually around workers' late 40s or early 50s. In doing so we extend Blanchflower's (2007) earlier study, incorporating a further 39 countries and another decade or so of data....

Persistent link: https://www.econbiz.de/10012481240

Decoding India's Low Covid-19 Case Fatality rate

Philip, Minu - 2020

India's case fatality rate (CFR) under covid-19 is strikingly low, trending from 3% or more, to a current level of around 2.2%. The world average rate is far higher, at around 4%. Several observers have noted that this difference is at least partly due to India's younger age distribution. In...

Persistent link: https://www.econbiz.de/10012481244

How do People Respond to Small Probability Events with Large, Negative Consequences?

Eichenbaum, Martin S. - 2020

We study how people react to small probability events with large negative consequences using the outbreak of the COVID-19 epidemic as a natural experiment. Our analysis is based on a unique administrative data set with anonymized monthly expenditures at the individual level. We find that older...

Persistent link: https://www.econbiz.de/10012482208

Trends in World Inequality in Life Span Since 1970

Edwards, Ryan D. - 2010

Previous research has revealed much global convergence over the past several decades in life expectancy at birth and in infant mortality, which are closely linked. But trends in the variance of length of life, and in the variance of length of adult life in particular, are less well understood. I...

Persistent link: https://www.econbiz.de/10012462567

Inaccurate age and sex data in the Census PUMS files : Evidence and Implications

Alexander, J. Trent - 2010

We discover and document errors in public use microdata samples ("PUMS files") of the 2000 Census, the 2003-2006 American Community Survey, and the 2004-2009 Current Population Survey. For women and men ages 65 and older, age- and sex-specific population estimates generated from the PUMS files...

Persistent link: https://www.econbiz.de/10012462949

The Young, the Old, and the Restless : Demographics and Business Cycle Volatility

Jaimovich, Nir - 2008

We investigate the consequences of demographic change for business cycle analysis. We find that changes in the age composition of the labor force account for a significant fraction of the variation in business cycle volatility observed in the U.S. and other G7 economies. During the postwar...

Persistent link: https://www.econbiz.de/10012464583

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