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Contrary to previous findings, we find a systematic and economically sizeable relationship between income levels and …
Persistent link: https://www.econbiz.de/10011496984
-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …
Persistent link: https://www.econbiz.de/10012839357
behind lifecycle consumption variations are lifecycle income changes, which display similar flattening. Employing a lifecycle … model we show changes in income are sufficient to match the movements in consumption …
Persistent link: https://www.econbiz.de/10013240810
-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …
Persistent link: https://www.econbiz.de/10012177052
Long-run impact of economic growth on fertility trends is ambiguous and sensitive for in-time variations. Noticeably, over last decades, economic growth has led in many countries to significant falls in total fertility rates. However, recently, in highincome economies a kind of 'fertility...
Persistent link: https://www.econbiz.de/10012001132
recent years, in high-income economies a kind of “fertility rebound” is revealed (Goldstein 2009; Luci and Thevenon, 2010 …
Persistent link: https://www.econbiz.de/10011802142
Slower growth of the labour force and an increase in old-age dependency will reduce the growth of aggregate output and output per capita in many developed countries. However, a major question is whether there is any systematic link between demographics and the productivity of those who will...
Persistent link: https://www.econbiz.de/10010264296
and growth, whose simulations match our empirical findings. The current trend of population aging and reduced fertility is …
Persistent link: https://www.econbiz.de/10011457979
In the present paper an empirical analysis will point out that ageing causes a decline on economic growth as claimed by Martins et al., (2005). The sample covers all western world and the United States. Data are taken from Eurostat and OECD. The elaboration of these panel data is made feasible...
Persistent link: https://www.econbiz.de/10013089720
and growth, whose simulations match our empirical findings. The current trend of population aging and reduced fertility is …
Persistent link: https://www.econbiz.de/10013014371