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consumption development and thus average welfare of individual cohorts. The analysis is based on a Ramsey growth model and refers …In Deutschland sind die Alterung und der drastische Rückgang der Bevölkerung unausweichlich. Im Zuge dieser Entwicklung … Situation in Deutschland. Die Ergebnisse zeigen, dass die Wohlfahrt von Kohorten mit einer Lebenserwartung bis 50 Jahre ohne …
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simulation exercises to make the challenges and controversies more transparent. The chapter begins with an institutional view of …
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2010 by about 2.2 percentage points in terms of a consumption equivalent variation. …
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Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ration. Hence, rates of return to capital decrease and wages increase with adverse...
Persistent link: https://www.econbiz.de/10013100505
Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to capital decrease and wages increase with adverse...
Persistent link: https://www.econbiz.de/10013100571
endogenously adjust their education. Low ability agents experience higher welfare gains. Endogenous growth through human capital … formation is found to increase the long-run growth rate in the economy by 0.2-0.4 percentage points …
Persistent link: https://www.econbiz.de/10013157400
endogenously adjust their education. Low ability agents experience higher welfare gains. Endogenous growth through human capital … formation is found to increase the long-run growth rate in the economy by 0.2-0.4 percentage points …
Persistent link: https://www.econbiz.de/10012721264