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In this paper, we investigate the impact of demographic uncertainty in a multi-regional general equilibrium, overlapping generations model (INGENUE 2). Specifically, we will consider the level of uncertainty in each of the ten major regions of the world, and their correlation across regions. In...
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-fertility countries in Europe, North America, Australia and East Asia. We decompose the change in cohort fertility in each country among … Europe, where fertility decline was driven primarily by falling second birth rates and the German-speaking countries …, Southern Europe, and East Asia, where the fall in first birth rates (and the corresponding rise in childlessness) had a …
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