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Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure of ageing, but overlook longevity, which can also...
Persistent link: https://www.econbiz.de/10013138658
nonredistributive plan that accounts for differences in mortality, US Social Security reduces regressivity from longevity differences …
Persistent link: https://www.econbiz.de/10012314266
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218
in an extension of the model with regard to endogenous retirement. …
Persistent link: https://www.econbiz.de/10012820924
We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …
Persistent link: https://www.econbiz.de/10012866873
Major events in the life of an older individual, such as retirement, a significant decrease in income, death of the …
Persistent link: https://www.econbiz.de/10011572943
Persistent link: https://www.econbiz.de/10009535859
Persistent link: https://www.econbiz.de/10012628996
Persistent link: https://www.econbiz.de/10012663804
In this study, the causal nexus between child mortality rate, fertility rate, GDP, household final consumption … running from fertility rate, food production index, GDP, and household final consumption expenditure to the mortality rate … shocks in the food production index, while 2% of future fluctuations in mortality rate are due to shocks in fertility rate …
Persistent link: https://www.econbiz.de/10011487830