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Persistent link: https://www.econbiz.de/10011529829
Ageing of most societies is driven by two factors: (1) birth rates are declining and (2) people are living longer. These developments have substantial effects on economies and, in particular, on the funding of our living standards in retirement. We develop an overlapping generation model in...
Persistent link: https://www.econbiz.de/10012317293
Recently, there has been wide interest in the "economics" of population aging. Demographic change has crucial consequences for economic behavior; it e.g. implies that consumption and investment decisions vary over the life-cycle. The latter has important implications for economic growth, whereas...
Persistent link: https://www.econbiz.de/10011575588
This paper analyses whether the severe demographic change in Germany causes its high current account surpluses. An ageing population both increases the supply and lowers demand of capital in an economy. Due to a longer life span individuals save more. Fewer workers reduce the optimal capital...
Persistent link: https://www.econbiz.de/10012266985
Persistent link: https://www.econbiz.de/10011709126
Since the mid-1970s, firm entry rates in the United States have declined significantly. This also holds for other OECD countries over the past years. At the same time, these economies experienced a gradual process of population aging. Applying a tractable life-cycle model with endogenous firm...
Persistent link: https://www.econbiz.de/10012437547
This paper presents an overlapping generations model where agents face labor-income and health risks in order to quantify the macroeconomic and welfare consequences of reform options for the German health insurance system. In addition to labor supply, consumption and savings, households also...
Persistent link: https://www.econbiz.de/10013337793
Persistent link: https://www.econbiz.de/10012207210
Alike most of the Western world, the Danish fertility rate declined throughout the 20th century simultaneous to … economic growth. This development, which conflicts with economic intuition, has been denoted the fertility paradox, and several … the fertility rate during the years 1982 to 2004. Several factors commonly believed to explain the variation in the …
Persistent link: https://www.econbiz.de/10011485183
with a slow entrance into the sustained fertility decline that characterized the first demographic transition. The South … of fertility is a demographic trend that accompanies regional development, revealing changes in societal values, in the … among young people, and the persistence of emigration. We conclude that the persistence of high fertility levels during …
Persistent link: https://www.econbiz.de/10011476370