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Aging, the great moderation and business-cycle volatility in a life-cycle model
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10010231628
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Aging, the great moderation and business-cycle volatility in a life-cycle model : conference paper
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10010489277
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Demographic Change and the Great Moderation in an Overlapping Generations Model with Matching Frictions
Lugauer, Steven - 2014
The fraction of the labor force under the age of 35, or youth share, has been correlated with cyclical GDP volatility … population aged, output volatility declined. I develop an overlapping generations model featuring search frictions and … productivity shocks, in which the age distribution affects cyclical volatility through two channels. First, employment for younger …
Persistent link: https://www.econbiz.de/10013062692
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Essays on the labor force and aggregate fluctuations
Lugauer, Steven - 2008
Persistent link: https://www.econbiz.de/10011573248
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Demographic change and the great moderation in an overlapping generations model with matching frictions
Lugauer, Steven - In: Macroeconomic dynamics 16 (2012) 5, pp. 706-731
Persistent link: https://www.econbiz.de/10009745445
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Aging, the great moderation, and business-cycle volatility in a life-cycle model
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - In: Macroeconomic dynamics 21 (2017) 2, pp. 362-383
Persistent link: https://www.econbiz.de/10011686295
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Demographic structure and macroeconomic trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2016
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10011457979
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Demographic change and regional convergence in Canada
Geloso, Vincent; Kufenko, Vadim; Prettner, Klaus - 2016
We examine the role of demographic change for regional convergence in living standards in Canada. Due to economies of scale within a family, decreasing household size has an impact on convergence in living standards, while per capita income convergence remains unaffected. We find that, by...
Persistent link: https://www.econbiz.de/10011499720
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Ageing and financial stability
Davis, E. Philip (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001592540
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Ageing and financial stability
Davis, E. Philip; Allen, Franklin; Hellwig, Martin - In: Ageing, financial markets and monetary policy, (pp. 191-227). 2002
Persistent link: https://www.econbiz.de/10001677666