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Optimal retirement with increasing longevity

Bloom, David E.; Canning, David; Moore, Michael J. - In: The Scandinavian journal of economics 116 (2014) 3, pp. 838-858

Persistent link: https://www.econbiz.de/10010419835

The Graying of Global Population and Its Macroeconomic Consequences

Bloom, David E.; Canning, David; Fink, Gunther - 2009

Population aging is emerging as a major demographic trend in many countries, with potentially important implications … for a variety of macroeconomic issues. Notwithstanding these challenges, population aging will likely have a comparatively … reasonably be expected to follow from the fertility rate declines that are driving population aging – will counterbalance the …

Persistent link: https://www.econbiz.de/10008599632

Valuing Lives Equally and Welfare Economics

Canning, David - 2007

Welfare economics, in the form of cost-benefit and cost-effectiveness analysis, is at present internally inconsistent and ethically unappealing. We address these issues by proposing two ethical axioms: society prefers Pareto improvements and society values lives lived at a "standard" level of...

Persistent link: https://www.econbiz.de/10005042252

Demographic Change and Economic Growth in Asia

Bloom, David E.; Canning, David; Finlay, Jocelyn E. - 2008

In 1994 the World Bank called East Asia's strong economic growth performance a "miracle". Trade openness, high savings rates, human capital accumulation, and macroeconomic policy only explained part of this growth performance; the remainder was left unexplained. Research in the ensuing years has...

Persistent link: https://www.econbiz.de/10005504100

Demographic Change, Institutional Settings, and Labor Supply

Bloom, David E.; Canning, David; Fink, Günther; … - 2008

This paper analyzes cross-country panel data to examine the effect of key institutional features of social security systems on male labor supply. Our findings indicate that the labor supply of older males covaries negatively with replacement rates and system coverage, with the replacement rate...

Persistent link: https://www.econbiz.de/10005698407

The Contribution of Population Health and Demographic Change to Economic Growth in China and India

Bloom, David E.; Canning, David; Hu, Linlin; Liu, Yuanli; … - 2007

We find that a cross-country model of economic growth successfully tracks the growth takeoffs in China and India. The major drivers of the predicted takeoffs are improved health, increased openness to trade, and a rising labor force-to-population ratio due to fertility decline. We also explore...

Persistent link: https://www.econbiz.de/10005698409

Population Aging and Economic Growth in Asia

Bloom, David E.; Canning, David; Finlay, Jocelyn - 2008

consequences of population aging depend on behavioral responses to the shift in age structure: the female labor force participation … and economic growth. The results suggest that population aging may not significantly impede economic performance in Asia …

Persistent link: https://www.econbiz.de/10005698411

A Theory of Retirement

Bloom, David E.; Canning, David; Moore, Michael - 2007

We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure....

Persistent link: https://www.econbiz.de/10005698414

Population Aging and Economic Growth

Bloom, David E.; Canning, David; Fink, Günther - 2008

. These factors suggest that economic growth will continue apace, notwithstanding the phenomenon of population aging. For the … population aging – in the form of higher savings for retirement, greater labor force participation, and increased immigration … consequences of population aging. When seen through the lens of several mitigating considerations, there is reason to think that …

Persistent link: https://www.econbiz.de/10005226964

Global Demography: Fact, Force and Future

Bloom, David; Canning, David - Volkswirtschaftliche Fakultät, … - 2006

In the past 50 years, the world accelerated its transition out of long-term demographic stability. As infant and child mortality rates fell, populations began to soar. In most countries, this growth led to falling fertility rates. Although fertility has fallen, the population continues to...

Persistent link: https://www.econbiz.de/10005790030