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extensive and intensive labor supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to … fertility decline, a retirement reform, designed to increase labor supply at the extensive margin, is found to simultaneously … reduce labor supply at the intensive margin. This backlash to retirement reform requires the statutory retirement age to …
Persistent link: https://www.econbiz.de/10012976298
dividend. Two policy responses to aging are emphasized: First, a structural policy response of linking mandatory retirement (or …
Persistent link: https://www.econbiz.de/10012976226
Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over...
Persistent link: https://www.econbiz.de/10012968199
This paper develops a link between four central components of the demographic transition: survival rates; fertility decisions; altruistic intergenerational transfers from workers toward their parents; and economic growth. An increase in child survival is found to reduce the fertility rate and...
Persistent link: https://www.econbiz.de/10012976542
driving factors behind individuals' transfer behavior are explored. In particular, the data form the Survey of Health, Ageing …, and Retirement in Europe are utilized to shed light on the main factors behind the likelihood and intensity of social … support, and financial help provided to and received from other family members by ageing and elderly Europeans. The analysis …
Persistent link: https://www.econbiz.de/10012969260
context of work and retirement patterns in Indonesia, Korea, the United States, and the United Kingdom. As is common in many … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … receive generous pensions and face mandatory retirement by age 60, and an informal system, under which rural residents and …
Persistent link: https://www.econbiz.de/10012975683
The passivity of the demand for pension products is one of the striking features of mandatory pension systems. Consequently, the provision of multiple investment alternatives to households (multifund schemes) does not ensure that contributions are invested efficiently. In addition, despite the...
Persistent link: https://www.econbiz.de/10012975811
Individual level census and household survey data are used to present a rich profile of the young developing migrants around the world. Youth are found to comprise a large share of all migrants, particularly in migration to other developing countries, with the probability of migration peaking in...
Persistent link: https://www.econbiz.de/10012778277
This paper uses data from the Integrated Values Survey, the Life in Transition Survey, and the Russia Longitudinal Monitoring Survey to analyze the relation between age and subjective well-being in the Europe and Central Asia region. Although the results generally confirm the findings of...
Persistent link: https://www.econbiz.de/10012971323
Bangladesh has achieved robust economic growth over the past 10 years, with real GDP growing by more than 6 percent on average each year. This paper investigates whether the country will be able to maintain such high levels of growth going forward. A simple growth model calibrated to the...
Persistent link: https://www.econbiz.de/10012964733