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Aging and Pension Reform in a Two-Region World: The Role of Human Capital
Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel - Munich Center for the Economics of Aging (MEA) at the … - 2011
Projected demographic changes in industrialized countries will reduce the share of the workingage 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...
Persistent link: https://www.econbiz.de/10010603535
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Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation
Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel - Staatswissenschaftliches Seminar, Wirtschafts- und … - 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/10010652434
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Auswirkungen der Arbeitsmarktöffnung am 1. Jänner 2014 auf den Wirtschafts- und Arbeitsstandort Österreich
Hofer, Helmut; Landesmann, Michael; Mara, Isilda; … - Wiener Institut für Internationale …
Summary Impact of opening full labour market access to Bulgarians and Romanians as of 1 January 2014 the case of Austria The study analyses the migration potential and the impact on Austria’s economy that is to be expected after the lifting of access restrictions for Bulgarian and Romanian...
Persistent link: https://www.econbiz.de/10010820232
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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
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Can the ageing North benefit from expanding trade with the South?
Georges, Patrick; Lisenkova, Katerina; Mérette, Marcel - In: Economic Modelling 35 (2013) C, pp. 990-998
In this paper we estimate the benefit for the ageing North countries of diversifying some of their trade away from other North countries in favour of South countries. To this end we use a six-region overlapping generations model that takes into account the demographic trends of the 21st century...
Persistent link: https://www.econbiz.de/10011048954
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Aging and pension reform: Extending the retirement age and human capital formation
Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel - Research Center SAFE (Sustainable Architecture for … - 2014
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/10011127946
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Can an Ageing Scotland Afford Independence?
Lisenkova, Katerina; Mérette, Marcel - European Regional Science Association - 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/10011075932
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The Long-Term Economic Impact of Reducing Migration in the UK
Lisenkova, Katerina; Mérette, Marcel; … - In: National Institute Economic Review 229 (2014) 1, pp. 22-22
This paper uses an OLG-CGE model for the UK to illustrate the long-term effect of migration on the economy. We use the current Conservative Party migration target to reduce net migration “from hundreds of thousands to tens of thousands†as an illustration. Achieving this target would...
Persistent link: https://www.econbiz.de/10011135917
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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
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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