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which extent migration will be able to offset the well-known negative demographic influence. The mean overall results of … this long period of time show that while migration may slightly dampen the trend, it cannot fully compensate for it …Im Zuge des demographischen Wandel wird die Zahl der dem Arbeitsmarkt zur Verfügung stehenden Personen sichtbar …
Persistent link: https://www.econbiz.de/10011427859
perspective by formalizing an overlappinggenerations (OLG) model containing many of the underlying mechanisms that link …
Persistent link: https://www.econbiz.de/10012265487
labor market. Most recently, Germany’s potential labor force has grown as a consequence of many factors, including migration … the future, Germany will be more or less reliant on migration. This is the finding of various model calculations showing …
Persistent link: https://www.econbiz.de/10011717052
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012249285
This paper analyses whether the severe demographic change in Germany causes its high current account surpluses. An ageing population both increases the supply and lowers demand of capital in an economy. Due to a longer life span individuals save more. Fewer workers reduce the optimal capital...
Persistent link: https://www.econbiz.de/10012266985
with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic …
Persistent link: https://www.econbiz.de/10012197894
Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second, this process may be amplified when a pension reform shifts old-age provision towards more pre-funding....
Persistent link: https://www.econbiz.de/10014063605
that reductions in the benefit level (i.e. privatization) will only reduce economic efficiency. -- stochastic OLG model …
Persistent link: https://www.econbiz.de/10009375717
Recent reforms that aim at reducing the upcoming burdens of population ageing might seriously harm low income individuals. An increase in old-age poverty and disability will be the result. Under this prospect, the present paper quantitatively characterizes the optimal progressivity of unfunded...
Persistent link: https://www.econbiz.de/10013127112
Population aging will be a major determinant of long-run economic development in industrial and developing countries. The extent of the demographic changes is dramatic in some countries and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and...
Persistent link: https://www.econbiz.de/10003901593