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Ageing of most societies is driven by two factors: (1) birth rates are declining and (2) people are living longer … retirement. We develop an overlapping generation model in order to analyse the effects of ageing on the efficiency of retirement … old generation and that ageing makes a transfer via pay-as-you-go pension relatively more attractive. In optimum, the …
Persistent link: https://www.econbiz.de/10012317293
This chapter reviews the literature on intergenerational risk sharing (IRS). We explore to what extent and how a market economy with an appropriate institutional setting can replicate a social planner's solution in models with increasing levels of complexity. In particular, we do this for...
Persistent link: https://www.econbiz.de/10014023478
If someone lives in an economically depressed place, they were probably born there. The presence of people with local ties – a preference to live in their birthplace – leads to smaller migration responses. Smaller migration responses to wage declines lead to lower real incomes and make real...
Persistent link: https://www.econbiz.de/10012182408
If people come to live in a country different from their nation state, due to border shifts, expulsion, or migration, they adopt some of the new country's habits after some time. This paper investigates their (return) migration decision when they have been restricted to live in the foreign...
Persistent link: https://www.econbiz.de/10011403330
This paper offers an explanation for declining internal migration in the United States motivated by a new empirical fact: the mobility decline is driven by locations with typically high rates of population turnover. These "fast" locations were the Sunbelt centers of population growth during the...
Persistent link: https://www.econbiz.de/10014114055
This paper studies how demographics affect aggregate labor market power, the urban wage premium and the spatial concentration of population. I develop a quantitative spatial model in which labor market competitiveness depends on the demographic composition of the local workforce. Using highly...
Persistent link: https://www.econbiz.de/10014228342
This paper studies how demographics affect aggregate labor market power, the urban wage premium and the spatial concentration of population, I develop a quantitative spatial model in which labor market competitiveness depends on the demographic composition of the local workforce, Using highly...
Persistent link: https://www.econbiz.de/10014490369
Since 1980, college graduates have increasingly sorted into the downtowns of U.S. cities. This led to urban revival, a process that involves fast growth in income and housing prices downtown. Motivated by the observation that young childless households concentrate downtown, we link urban revival...
Persistent link: https://www.econbiz.de/10014553106
This paper studies the effects of import competition from China and Eastern Europe (EE) on the fertility decisions of individuals in German manufacturing. Through the lens of gender, the paper uniquely contributes to the literature by linking import competition to longitudinal individual data to...
Persistent link: https://www.econbiz.de/10012313045
This article investigates women's economic, political, and social rights in both home and destination countries as potential push and pull factors of female migration. Using a bilateral framework including 104 origin countries and 28 destination countries for the years 1990 and 2000, we document...
Persistent link: https://www.econbiz.de/10012934448