Showing 1 - 10 of 12,207
This paper introduces a counterfactual technique to estimate net emigration from Norwegian birth cohorts from 1846 to 1900. A main finding is that despite strong fluctuations in annual emigration, the percentage reduction of each cohort due to emigration was surprisingly stable for all cohorts...
Persistent link: https://www.econbiz.de/10005760401
Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under the one-child policy and in cohort-specific fertility...
Persistent link: https://www.econbiz.de/10010791517
segregation in school districts in Massachusetts. This can occur because richer, low-minority towns tend to have more successful … school district enrollments and other district- and town-level characteristics. I find evidence that passing overrides … earmarked for schools results in a significant decrease in the percent of nonwhite students enrolled in Massachusetts school …
Persistent link: https://www.econbiz.de/10010941209
the main features of the demographic history in Brazil. Based on simulated patterns of age specific growth rates discussed …
Persistent link: https://www.econbiz.de/10010635882
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are … generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining … for only 5 per cent of total retirees. Given the demographic challenges Brazil is likely to face in the next decades …
Persistent link: https://www.econbiz.de/10005045960
dieses Beitrags stehen die künftige demographische Entwicklung in den sogenannten BRICS-Ländern (Brasilien, Russland, Indien …
Persistent link: https://www.econbiz.de/10010735176
Uncertainty about length of life, longevity risk, is a growing financial problem for pension funds and annuity providers. They would like to transfer longevity risk away to institutions better placed to deal with it. Unfortunately, there is a lack of financial instruments to hedge against this...
Persistent link: https://www.econbiz.de/10012721441
This paper contributes to the ongoing debate on the relationship between asset returns and age-structure by investigating the case of Italy, which is experiencing one of the most pronounced ageing in the world. To this end, time-series regressions are run, in which real returns on different...
Persistent link: https://www.econbiz.de/10012721443
Based on widely accepted evidence on the exceptional ageing of the Italian population, this paper aims to assess the impact of ageing on household portfolios in Italy and hence ultimately on financial markets. To this end, we use data taken by the Bank of Italy Survey of Household Income and...
Persistent link: https://www.econbiz.de/10012721473
Demographic risk, i.e., the risk that life tables change in a nondeterministic way, is a serious threat to the financial stability of an insurance company having underwritten life insurance and annuity business. The inverse influence of changes in mortality laws on the market value of life...
Persistent link: https://www.econbiz.de/10012721769