We investigate the causes and consequences of the aging of the scientific workforce. Using novel data on the population of US chemistry faculty members over fifty years, we find that the secular increase in the age of the academic workforce has been mainly driven by the slowdown in faculty...

We investigate the causes and consequences of the aging of the scientific workforce. Using novel data on the population of US chemistry faculty members over fifty years, we find that the secular increase in the age of the academic workforce has been mainly driven by the slowdown in faculty...

This paper shows that the results of Bucci (2003) depend criti- cally on the assumption that there are no difference between the intermediate goods share in final output, the returns of specialization and the degree of market power of monopolistic competitors. In this paper, we disentangle the...

Mandatory pension systems can have a negative impact on individual savings and labor supply decisions. In particular, defined benefit pension schemes that are not actuarially fair, can create incentives for early retirement, and therefore, reduce labor supply and the stock of human capital....

The Chinese labour market has undergone an extensive restructuring in the last four-and-a-half decades, following the start of the economic reforms, and the open door policy for foreign investment in 1978, under the leadership of Deng Xiaoping. The nature of employment contracts, labour market...

This paper investigates the future development of the Austrian population for the period from 2005 to 2035. The main focus of our investigation lies on the working age population and its age structure. Our calculations are based on the population projection released by Statistik Austria in 2005....

We investigate the effect of postponing minimum retirement age on middle-aged workers' depression. Using pension reforms in several European countries and data from the SHARE survey, we find that depression increases with a longer work horizon, but only among workers employed in occupations with...

Economists have mainly focused on human capital accumulation, rather than on the causes and consequences of human capital depreciation in late adulthood. To investigate how human capital depreciates over the life cycle, we examine how a newly introduced pension program, the National Rural...

With 70 million dead, World War II remains the most devastating conflict in history. Of the survivors, millions were displaced, returned maimed from the battlefield, or spent years in captivity. We examine the impact of such wartime experiences on labor market careers and show that they often...

In this paper, we develop a life cycle model in which health and longevity are threatened by infectious and chronic diseases. The model captures that the susceptibility and severity of infectious diseases depend on the accumulated health deficits (immunosenescence) and that the life history of...