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working ages, but without any questioning of the global ageing trend. We explain this result by isolating a concept of trend … ageing due to the pure role of life expectancy. Changes in fertility levels or in migration flows lead to deviations from …
Persistent link: https://www.econbiz.de/10008539992
China’s population is set to age fast, owing to low fertility and rising life expectancy. With ongoing migration of the younger cohorts to urban areas the increase in the old-age dependency ratio will be even more pronounced in rural than in urban areas. Very different pension arrangements...
Persistent link: https://www.econbiz.de/10008542491
The primary manifestation of the demographic transition in a modern economic context is through ageing and the primary … transmission from ageing to the macro economy is through its effect on saving and investment behavior. These two effects taken … together suggest a strong impact from the continuing process of ageing on international capital flows and global macroeconomic …
Persistent link: https://www.econbiz.de/10008544694
demographic changes. Although population ageing in Canada is expected to have a negative impact on welfare, international trade …. This reflects a population ageing gap between Canada and many of its trading partners with younger populations whose … that takes into account the extent and timing of population ageing in diverse regions of the world. The main policy …
Persistent link: https://www.econbiz.de/10008491446
countries such as India and various parts of the Rest of the World. The general equilibrium nature of the ageing process is …
Persistent link: https://www.econbiz.de/10008491492
Quebec, as most Western societies, is facing the ageing of its population, producing many economic, political and …. This means that immigration can in no way prevent the ageing of the population or have a significant impact on the process. …
Persistent link: https://www.econbiz.de/10004998556
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
We study the effects of demographic shocks and changes in the pension system on the macroeconomic performance of an advanced small open economy. An overlapping-generations model is constructed which includes a realistic description of the mortality process. Individual agents choose their optimal...
Persistent link: https://www.econbiz.de/10005094360
With population ageing, fiscal consolidation has become of paramount importance for euro area countries. Consolidation … can be pursued in various ways, with different effects on potential growth, which itself will be dragged down by ageing. A … pension replacement rates and repaying public debt through a lower ratio of non ageing-related outlays to GDP, c) raising the …
Persistent link: https://www.econbiz.de/10005045902
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining resources away from other areas, such as much needed...
Persistent link: https://www.econbiz.de/10005045960