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Fertility and mortality changes in an overlapping-generations model with realistic demography
Lau, Sau-Him Paul - In: Economic Modelling 38 (2014) C, pp. 512-521
of fertility and mortality changes in a common framework, we incorporate realistic demographic features into a continuous … countries (such as the USA), we find that a fertility increase and a mortality decline, while both causing a rise in the … population growth rate, have opposite effects on capital accumulation. We also consider simultaneous fertility and mortality …
Persistent link: https://www.econbiz.de/10011048816
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …
Persistent link: https://www.econbiz.de/10012195541
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by … the retirement age fosters economic growth. How economic growth changes in response to rising life expectancy depends on … the retirement response. Employing numerical analysis we find that the requirement for experiencing a growth stimulus from …
Persistent link: https://www.econbiz.de/10012156427
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Population Ageing and Inflation with Endogenous Money Creation
Fedotenkov, Igor - 2016
factors such as fertility rates and longevity to prices. We show that lower fertility rates lead to smaller demand for credits …
Persistent link: https://www.econbiz.de/10012997077
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Reforming retirement age in DB and DC pension systems in an aging OLG economy with heterogenous agents
Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - In: IZA journal of labor policy 5 (2016) 8, pp. 1-36
We analyze the effects of increasing the retirement age in two economies with overlapping generations and within cohort … defined benefit to a defined contribution. We find that if increase in the retirement age is phased in a way that allows …
Persistent link: https://www.econbiz.de/10011522240
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On welfare effects of increasing retirement age
Makarski, Krzysztof; Tyrowicz, Joanna - 2018
retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …
Persistent link: https://www.econbiz.de/10011812259
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On welfare effects of increasing retirement age
Makarski, Krzysztof; Tyrowicz, Joanna - 2018
retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …
Persistent link: https://www.econbiz.de/10011821425
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Drivers of real interest rates in a two-country, general-equilibrium, OLG model
Christensen, Frederik Bjørn; Pedersen, Jesper - 2023
most cited drivers; decreasing fertility, decreasing mortality, and a slowdown of technological growth. We do this through … global real interest rate. The model predicts a 2.25 percentage point decrease from 1950 until today with falling mortality … generating most of the decline. We calibrate the second country on Danish data and show how differences in mortality can help …
Persistent link: https://www.econbiz.de/10014231838
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Longevity and Pay-as-You-Go Pensions
Pestieau, Pierre; Ponthiere, Gregory; Sato, Motohiro - 2008
This paper aims at investigating whether or not a utilitarian social planner should subsidize longevity-enhancing expenditures in an economy with a PAYG pension system. For that purpose, a simple two-period OLG model is developed, in which the length of the second period of life can be raised by...
Persistent link: https://www.econbiz.de/10014056260
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Life expectancy, income and long-term care : the Preston Curve reexamined
Ponthiere, Gregory; Thibault, Emmanuel - 2023
The Preston Curve - the increasing relation between income per capita and life expectancy - cannot be observed in countries where old-age dependency is widespread (that is, where long-term care (LTC) spending per capita is high). The absence of the Preston Curve in countries with high old-age...
Persistent link: https://www.econbiz.de/10014429577