This paper makes available a number of projections of the age-sex distribution of the Canadian population in the 45-year period 1996 to 2041 and comparisons with the previous 45-year period. The projections combine assumptions relating to fertility, mortality and immigration so as to produce...

The baby boom generation is now well into middle age, and over the next few decades will reach old age. As the boom generation grows old the costs of maintaining existing social support systems will rise, and the ability or willingness to sustain those systems has been called into question. In...

A problem common to many state-funded universities or university systems is how to maintain an inflow of young (and ceative) new faculty when student enrolment declines or government grants are reduced, and existing faculty are aging but subject to tenure protection. This paper considers the...

Starting with a theoretical QUAIDS model at the micro level, an approximate aggregation is developed that allows the model to be applied to time series at the macro level (The approximated aggregation holds for a "representative" consumer with utility equal to the harmonic mean of the individual...

The paper provides an analysis of the economic circumstances of Canadian cohorts in older phases of the life cycle. It begins by discussing the definition of "old" and the case for an upward revision of the traditional age-65 definition. It then goes on to consider changes in patterns of labour...

When comparing two competing approximate models using a particular loss function, the one having smallest `expected true error' for that loss function is expected to lie closest to the underlying data generating process (DGP) given this loss function and is therefore to be preferred. In this...

Local polynomial regression is extremely popular in applied settings. Recent developments in shape constrained nonparametric regression allow practitioners to impose constraints on local polynomial estimators thereby ensuring that the resulting estimates are consistent with underlying theory....

The years leading up to the "great recession" were a time of rapid innovation in the financial industry. This period also saw a fall in interest rates, and a boom in liquidity that accompanied the boom in real activity, especially investment. In this paper we argue that these were not unrelated...

Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency by increasing individual payoffs in games with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending costly efforts....