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In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
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Although the population in Central and Eastern European Countries (CEEC) is still younger, on average, than in Western Europe, the CEEC also have to cope with challenges caused by the demographic shift towards an ageing, shrinking population. Some countries are ageing even faster than Western...
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China is undergoing a particularly fast demographic transition. Accelerated through decades of political restrictions on family planning, the median age is rising and there is a growing share of retirees, while labour force potential is declining. Faced with dire consequences for both economic...
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This paper provides empirical evidence on the effect of changing the retirement age on employment. Base on individual …-7.4 percentage point increase in the 45 per cent employment rate at the retirement age for women. Changes in the normal retirement … age do not seem to have such employment effect because increases in disability pension claims have counteracted them. …
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