Purpose – The paper aims to investigate the relationship between the age of employees and employers on the one hand and establishment closure probability on the other. Design/methodology/approach – The paper is based on large-scale longitudinal Danish register data. Past employer and...

Purpose – The paper aims to investigate the relationship between the age of employees and employers on the one hand and establishment closure probability on the other. Design/methodology/approach – The paper is based on large-scale longitudinal Danish register data. Past employer and...

This study assesses the economic implications of China's changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will...

Large cohorts of young adults are poised to add to the working-age population of developing economies. Despite much interest in the consequent growth dividend, the size and circumstances of the potential gains remain under-explored. This study makes progress by focusing on India, which will be...

Population ageing has been seen as creating economic problems, which are often described as a worsening intergenerational conflict for resources. A rising demographic dependency ratio is said to increase the “burden” on the working population, by forcing sacrifices in their consumption. Such...

The paper develops a general equilibrium framework to examine the economic implications of population aging in Japan. Particular attention is paid to aggregate saving behavior which is modeled on the basis of empirical age-earnings profiles using a life-cycle approach. The paper's objectives are...