containing all males and females born in Sweden between 1927 and 1950 and observe their retirement behavior during 1991-2012. The … effect towards later retirement through lower replacement levels, it also implied a lower price on leaving the labor market … measured by Social Security Wealth, defined at each hypothetical retirement age, and a variable measuring the implicit tax …

a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of … with retirement policies. Accounting for interactions across UI and retirement institutions also helps explain otherwise …

accumulated for retirement. This paper addresses three important adjustments channels to dampen these detrimental effects of … ageing: investing abroad, endogenous human capital formation and increasing the retirement age. Although non of these … retirement age has strong effects. Under these adjustments maximum welfare losses of demographic change for households alive in …

to the young is therefore a cornerstone of productivity growth. We study this process in a model in which the old sell …

Our model of growth departs from both the Malthusian and neoclassical approaches by including investments in human …. Multiple steady states mean that history and luck are critical determinants of a country's growth experience …

, where immigration, population, human and physical capital formation, and economic growth are endogenous variables. We go …

in median wage growth (and a slowdown in aggregate labor productivity), and (vi) a rise in consumption inequality that is …