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On secular stagnation and low interest rates : demography matters
Ferrero, Giuseppe; Groß, Marco; Neri, Stefano - 2017
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
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Global demographic change and international capital flows : Theory and empirics
Liu, Weifeng - 2021
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
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Demographic pressure in the European Union
Peeters, Marga; Groot, Lucas Franciscus Michaël - 2012
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
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Demographic change in Switzerland : impacts on economic growth in an Overlapping Generations Model
Hauser, Luisa-Marie; Schlag, Carsten-Henning; Wolf, André - 2020
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
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Demographic change and regional labour markets
Böhm, Michael; Gregory, Terry; Qendrai, Pamela; … - 2020
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
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Demographic change and regional labour markets
Böhm, Michael; Gregory, Terry; Qendrai, Pamela; … - 2020
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
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Demographics will reverse three multi-decade global trends
Goodhart, Charles A. E.; Pradhan, Manoj - 2017
Persistent link: https://www.econbiz.de/10011758416
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What explains fertility? : evidence from Italian pension reforms
Billari, Francesco C.; Galasso, Vincenzo - 2009
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
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From democratic to authoritarian populism : comparing pre- and post-2010 Hungarian pension policies
Ádám, Zoltán; Simonovits, András - 2017
In this paper, we analyze Hungarian pension policies between 1998 and 2017, comparing the pre- and post-2010 periods. Before 2010, Hungary was a liberal democracy dominated by populist economic policies. We call this the period of democratic populism. After 2010, with center-right but illiberal...
Persistent link: https://www.econbiz.de/10012010686
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From democratic to authoritarian populism : comparing pre- and post-2010 Hungarian pension policies
Zoltán, Ádám; Simonovits, András - In: Acta oeconomica : periodical of the Hungarian Academy … 69 (2019) 3, pp. 333-355
Persistent link: https://www.econbiz.de/10012137295