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The demographic transition can affect the equilibrium real interest rate through three channels. An increase in longevity - or expectations thereof - puts downward pressure on the real interest rate, as agents build up their savings in anticipation of a longer retirement period. A reduction in...
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This article examines pollution and environmental mortality in an economy where fertility is endogenous and output is … pollution-induced mortality but also shifts resources to the clean sector. If the dirty sector is more capital intensive, then … decreasing fertility and the population size. Correspondingly, if the clean sector is more capital intensive, then the emission …
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