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Pensions and Contemporary Socioeconomic Change
Lindbeck, Assar - 2000
The paper discusses the consequences for the functioning of different pension systems of various types of socioeconomic changes, mainly demographic developments, variations in productivity growth and changes in real interest rates. Two of the pension systems have exogenous and four have...
Persistent link: https://www.econbiz.de/10012470980
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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
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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
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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
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Demographic Change and Public Assistance Expenditures
Moffitt, Robert A. - 1999
Growth in overall real welfare expenditures per capita has been a noted trend in the last thirty years in the U.S. The influence of demographic forces in contributing to this growth is considered in this paper. It is found that the growth of female-headed families is the strongest and dominant...
Persistent link: https://www.econbiz.de/10012471805
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Population Growth and Firm Dynamics
Peters, Michael; Walsh, Conor - National Bureau of Economic Research - 2021
Population growth has declined markedly in almost all major economies since the 1970s. We argue this trend has important consequences for the process of firm dynamics and aggregate growth. We study a rich semi-endogenous growth model of firm dynamics, and show analytically that a decline in...
Persistent link: https://www.econbiz.de/10012660102
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Demographics, Wealth, and Global Imbalances in the Twenty-First Century
Auclert, Adrien; Malmberg, Hannes; Martenet, Frederic; … - National Bureau of Economic Research - 2021
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth … countries, we measure the compositional effect of aging: how a changing age distribution affects wealth-to-GDP, holding the age … compositional effect is positive, large, and heterogeneous across countries, our model predicts that population aging will increase …
Persistent link: https://www.econbiz.de/10012616609
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Population, Productivity, and Sustainable Consumption
Pindyck, Robert S. - National Bureau of Economic Research - 2022
How does the sustainable level of consumption depend on productivity growth and the size and growth rate of the population? What is the effect of uncertainty over these growth rates? I address these questions using a model in which productivity and population growth are stochastic, and social...
Persistent link: https://www.econbiz.de/10013210047
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Demographic Transitions Across Time and Space
Delventhal, Matthew J.; Fernández-Villaverde, Jesús; … - National Bureau of Economic Research - 2021
The demographic transition --the move from a high fertility/high mortality regime into a low fertility/low mortality regime-- is one of the most fundamental transformations that countries undertake. To study demographic transitions across time and space, we compile a data set of birth and death...
Persistent link: https://www.econbiz.de/10012696389
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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, Gerard Thomas; Leoni, Thomas; … - National Bureau of Economic Research - 2021
Both the US and Germany are expected to undergo demographic aging, but their demographic fundamentals differ starkly …, despite population aging, increase by 16.2 percent in the age groups 15 to 74 (corresponding to 25.2 million workers) between … demographic aging. If the health gap in participation rates in the United States were similar to that currently observed in Sweden …
Persistent link: https://www.econbiz.de/10012794562