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...

Acknowledgments -- Lessons from demography -- Introduction -- "The wonderful, terrible, inscrutable economy" -- Historical change, economic behavior, and demographics -- The demographic portrait -- Generation X and the effects of population change -- What this portrait tells us -- Implications...

The latest long-term projection of Germany's population implies a clear trend: even though slight growth is expected over the next decade, a decline in the future is almost inevitable. Furthermore, an ageing society combined with a low fertility rate will lead to massive shrinkage of the...