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Demographic Change, Human Capital and Welfare

Ludwig, Alexander; Schelkle, Thomas; Vogel, Edgar - In: Review of Economic Dynamics 15 (2012) 1, pp. 94-107

Projected demographic changes in the U.S. will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to capital decrease and wages increase, which has adverse welfare...

Persistent link: https://www.econbiz.de/10009193226

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

Ludwig, Alexander; Vogel, Edgar; Börsch-Supan, Axel - National Bureau of Economic Research (NBER) - 2013

Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...

Persistent link: https://www.econbiz.de/10010969353

Small assumptions (can) have a large bearing: evaluating pension system reforms with OLG models

Bielecki, Marcin; Goraus, Karolina; Hagemejer, Jan; … - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2014

The objective of this paper is to inquire the consequences of some simplifying assumptions typically made in the overlapping generations (OLG) models of pension systems and pension system reforms. This literature is largely driven by policy motivations. Consequently, the majority of the papers...

Persistent link: https://www.econbiz.de/10010898115

Welfare effects of demographic changes in a Ramsey growth model

Stiller, Silvia - HWWA Institut für Wirtschaftsforschung - 2000

countering potentially negative economic effects of population ageing by a fertility increase or immigration of people at the … working age. Of course, changing fertility and immigration are both suited to reduce population ageing. But they influence the … years is higher without immigration. Instead, when a consumer faces a life expectancy higher than 50 years or will be born …

Persistent link: https://www.econbiz.de/10010985059

Demographic change and consumption : a long-term simulation analysis

Stiller, Silvia - HWWA Institut für Wirtschaftsforschung - 2000

rising fertility or permanent immigration. The simulation results illustrate that in the medium and in the long terms per … capita consumption is among all demographic scenarios lower than without demographic changes. Permanent immigration can …

Persistent link: https://www.econbiz.de/10010985064

Can an Ageing Scotland Afford Independence?

Lisenkova, Katerina; Mérette, Marcel - In: National Institute Economic Review 227 (2014) 1, pp. 32-32

The aim and scope of this paper is to isolate the effects of population ageing in the context of potential Scottish independence. A dynamic multiregional Overlapping Generations Computable General Equilibrium (OLG-CGE) model is used to evaluate the two scenarios. The status quo scenario assumes...

Persistent link: https://www.econbiz.de/10010786239

Aging and pension reform: extending the retirement age and human capital formation

Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel - 2012

Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital- labor ratio. Hence, rates of return to capital decrease and wages increase with adverse...

Persistent link: https://www.econbiz.de/10011605521

Can an Ageing Scotland Afford Independence?

Lisenkova, Katerina; Mérette, Marcel - 2014

The aim and scope of this paper is to isolate the effects of population ageing in the context of potential Scottish independence. Fiscal challenges are often quoted as a strong argument against independence. Demographic processes play an important role in determining future economic growth via...

Persistent link: https://www.econbiz.de/10011399913

Growth effects of age-related productivity differentials in an ageing society: A simulation study for Austria

Hofer, Helmut; Url, Thomas - 2005

We integrate age specific productivity differentials into a long-run neoclassical growth model for the Austrian economy with a highly disaggregated labor supply structure. We assume two life time productivity profiles reflecting either small or large hump-shaped productivity differentials and...

Persistent link: https://www.econbiz.de/10010293754

Welfare effects of demographic changes in a Ramsey growth model

Stiller, Silvia - 2000

Persistent link: https://www.econbiz.de/10010295605