Showing 1 - 10 of 1,309
.S. data and validating it with quasi-experimental evidence, I find that raising aggregate fertility to the replacement level …. The key to this result is that the marginal cost of child quality rises with fertility, and fertility effects of the … rewards, in-kind benefits are less cost-effective in raising fertility but have other advantages: subsidized childcare …
Persistent link: https://www.econbiz.de/10013314205
We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the …), income per capita is lower with a fertility rebound due primarily to a higher youth dependency rate. In the long run, higher … fertility leads to a reduction in the old-age dependency ratio and lowers the tax rate required to pay for old-age pensions and …
Persistent link: https://www.econbiz.de/10012950124
We combine a simple agent-based model of financial markets and a New Keynesian macroeconomic model with bounded rationality via two straightforward channels. The result is a macroeconomic model that allows for the endogenous development of business cycles and stock price bubbles. We show that...
Persistent link: https://www.econbiz.de/10009304074
This study examines the effect of the COVID-19 pandemic on fertility in Norway at the individual level. Studies using … data at the macro level have found a positive short-term effect of the pandemic on fertility level in Norway, but women …'s fertility response to the pandemic may differ depending on their life situation. We use the first lockdown on March 12, 2020 as …
Persistent link: https://www.econbiz.de/10013193783
Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing …-productivity profiles and pension systems can explain the exception. Fertility-promoting policies will always ease the public finance …
Persistent link: https://www.econbiz.de/10012813390
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines - from a...
Persistent link: https://www.econbiz.de/10013286706
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines – from a...
Persistent link: https://www.econbiz.de/10014081798
We provide a systematic analysis of fiscal consolidation in a medium-scale dynamic general equilibrium model. Our results show that the choice of the consolidation instrument is very important, not only with respect to the short- and long-run output effects of the different consolidation...
Persistent link: https://www.econbiz.de/10010416675
In times when elevated government debt raises concerns about dimmer global growth prospects, we ask: How can the government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey problem of finding optimal tax and subsidy schemes in a...
Persistent link: https://www.econbiz.de/10011771604
The COVID-19 crisis has caused public debt to increase dramatically, which is why the German and European fiscal rules are currently suspended. In addition to the new assessment of the fiscal costs at low interest rates (r g), the discussion on the reintroduction of fiscal rules in Germany and...
Persistent link: https://www.econbiz.de/10012424515