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Nominal and real interest rates in advanced economies have been decreasing since the mid-1980s and reached historical low levels in the aftermath of the global financial crisis. Understanding why interest rates have fallen is essential for both monetary policy and financial stability. This paper...
Persistent link: https://www.econbiz.de/10011697366
While population has been aging globally, regions and countries are significantly asymmetric in the timing and speed of the demographic transitions, especially between developed and developing regions. This paper explores the impacts of asymmetric demographic change on international capital...
Persistent link: https://www.econbiz.de/10013212954
On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyse four policy options: lowering pension benefits, increasing labour market participation of the native population, immigration and participation of older...
Persistent link: https://www.econbiz.de/10011526636
Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial … supply effects of ageing on regional labour market outcomes, drawing on the identification strategy of Böhm and Siegel (2020 … age rises. A decomposition of the heterogeneous regional trends using our estimates shows that ageing of rural regions is …
Persistent link: https://www.econbiz.de/10012314983
Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial …-causal supply effects of ageing on regional labour market outcomes, drawing on the identification strategy of Böhm and Siegel (2020 … age rises. A decomposition of the heterogeneous regional trends using our estimates shows that ageing of rural regions is …
Persistent link: https://www.econbiz.de/10012316375
the middle-aged age groups. Likewise, the process of ageing would have consequences for the composition of Swiss GDP: the …
Persistent link: https://www.econbiz.de/10012205397
Persistent link: https://www.econbiz.de/10011758416
Why do people have kids in developed societies? We propose an empirical test of two alternative theories - children as consumption" vs. investment" good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear discontinuity in the treatment across workers....
Persistent link: https://www.econbiz.de/10010273801
Persistent link: https://www.econbiz.de/10012137295
finances. This article deals with the implications of demographic trends in Switzerland, i.e. the progressive ageing of the …
Persistent link: https://www.econbiz.de/10013343169