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We quantify the effects of population aging on the U.S. healthcare system. Our analysis is based on a stochastic general equilibrium overlapping generations model of endogenous health accumulation calibrated to match pre-2010 U.S. data. We find that population aging not only leads to large...
Persistent link: https://www.econbiz.de/10012960303
Ongoing demographic change will lead to a relative scarcity of raw labor to the effect that output growth will be …
Persistent link: https://www.econbiz.de/10011537898
, TARCH, NARCH, APARCH, EGARCH) to analyze quarterly time series of GDP and Government Consumption Expenditures & Gross …
Persistent link: https://www.econbiz.de/10012904559
A key figure which can be applied to measuring inter-generational imbalances involved in existing public pension schemes is given by the implicit tax that is levied on each generation s life-time income through participation in these systems. The implicit tax arises from the fact that, quite...
Persistent link: https://www.econbiz.de/10011514127
erwartenden demografischen Wandels müssen vor allem die stark alternden Länder Deutschland und Japan mit einer spürbaren Dämpfung … simulation results for Germany, Japan and the USA through 2050 show how key macroeconomic indicators (labour productivity, GDP … with rapidly aging populations such as Japan and Germany in particular should expect a noticeable slowdown in the growth of …
Persistent link: https://www.econbiz.de/10012405834
population growth. The downstream effects of removing disparities in population health and educational attainment on labor force …
Persistent link: https://www.econbiz.de/10014576619
Using a highly stylized dynamic microsimulation model, we project the labor force of the United States up to the year 2060 and contrast these projections with projections for Germany to assess differential effects on outcomes The projections are consistent with the U S Census Bureau’s and...
Persistent link: https://www.econbiz.de/10012697468
Using detailed estimates of personal consumption expenditures at the state level for 1900, 1929, 1970, 1977, and 1982 … and into family formation would have caused marked swings in patterns of aggregate consumption and savings in the United … States during the past 50 years. The effect of age structure on personal consumption expenditures is estimated using …
Persistent link: https://www.econbiz.de/10013127229
One consequence of demographic change is substantial shifts in the age distribution of the working age population. As the baby boom generation ages, the usual historical pattern of there being a high ratio of younger workers relative to older workers is increasingly being replaced by a pattern...
Persistent link: https://www.econbiz.de/10003715746
The paper studies the power of educational investments in relation to transfers for fostering lifetime income and for reducing income inequality in Germany. The welfare analysis is based on a model of age-dependent human capital accumulation, featuring dynamic complementarities in skill...
Persistent link: https://www.econbiz.de/10009732726