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We estimate the relationship between investment and unemployment in order to explore whether the medium … up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the …
Persistent link: https://www.econbiz.de/10011782019
. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960 …-1995, we find that the age effects on saving are similar to results on world samples but the effects on investment are very … different. The respective age profiles of saving and investment are much more similar in the OECD sample. This may be one factor …
Persistent link: https://www.econbiz.de/10011585915
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
This study investigates the characteristics that contribute to elderly poverty, mainly focusing on individuals' lifetime work experience. It adopts the heterogeneous relative poverty line which differs by gender, province of residence and over time. It calculates the work experience and obtains...
Persistent link: https://www.econbiz.de/10011709639
Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...
Persistent link: https://www.econbiz.de/10014437045
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Macroeconomic downturns can have an important impact on the availability of informal and formal long-term care. This paper investigates how the market for informal care changed during and after the Great Recession in Europe. We use data from the Survey of Health, Aging and Retirement in Europe,...
Persistent link: https://www.econbiz.de/10011288788
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