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Persistent link: https://www.econbiz.de/10014276095
This paper analyzes a social security policy with public debt in an overlapping generations growth model. In particular, the paper considers a situation in which population aging causes a heavy burden of social security payments where public debt is issued by the government to finance the...
Persistent link: https://www.econbiz.de/10005622318
The populations of the World are aging, in both rich and poor countries. Older people work much less than younger adults, and earn far less than their consumption costs. The difference is made up in part by public or private transfers from working age adults, and in part from asset income. As...
Persistent link: https://www.econbiz.de/10010570827
Major dysfunctionalities can arise from the demographic decline, both on a social level and from the perspective of the economic-financial evolution of the world’s states. The obvious aging of the industrialized states’ population overlapping the import of cheap workforce in the developing...
Persistent link: https://www.econbiz.de/10011122188
This study presents an overlapping generations model to capture the nature of the competition between generations regarding two redistribution policies, public education and public pensions. In addition, we investigate the effects of population aging on these policies and economic growth from a...
Persistent link: https://www.econbiz.de/10011122650
The objective of this study is to examine briefly the features of the European social model and to present the main demographic evolutions. The social model is sustainable as long as there is a virtuous correlation between the objectives settled in the Lisbon Strategy: productivity –...
Persistent link: https://www.econbiz.de/10010565818
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing Asia have, in general, been high and rising but that there...
Persistent link: https://www.econbiz.de/10010332273
This paper highlights the employment patterns of China's over 45 population and, for perspective, places them in the … developing countries, China can be characterized as having two retirement systems: a formal system, under which urban employees … of exit from work are shown to be much greater in urban China than in rural areas, and also greater than observed in …
Persistent link: https://www.econbiz.de/10010282251
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