Abstract This paper quantifies the effects of increased employment of elderly persons on the growth potential of the German economy until 2030. Starting from an analysis of the labour market situation of elderly persons today, we construct nine scenarios for the future development of the...

Productivity growth in many advanced economies has decelerated in the last decades. There is increasing evidence that the misallocation of production function has contributed to the weakness in productivity. Factors behind this misallocation could include low interest rates or credit booms. In...

Abstract Productivity growth in many advanced economies has decelerated in the last decades. There is increasing evidence that the misallocation of production function has contributed to the weakness in productivity. Factors behind this misallocation could include low interest rates or credit...