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Aging, the great moderation and business-cycle volatility in a life-cycle model : conference paper
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10010489277
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Demographic Change and the Great Moderation in an Overlapping Generations Model with Matching Frictions
Lugauer, Steven - 2014
important role for demographics in determining the magnitude of output volatility …The fraction of the labor force under the age of 35, or youth share, has been correlated with cyclical GDP volatility … population aged, output volatility declined. I develop an overlapping generations model featuring search frictions and …
Persistent link: https://www.econbiz.de/10013062692
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Aging, the great moderation, and business-cycle volatility in a life-cycle model
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - In: Macroeconomic dynamics 21 (2017) 2, pp. 362-383
Persistent link: https://www.econbiz.de/10011686295
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Endogenous retirement behavior of heterogeneous households under pension reforms
Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018
We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...
Persistent link: https://www.econbiz.de/10011891939
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Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model
Heer, Burkhard - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10013059476
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Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10010333382
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Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - CESifo - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to … the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model … that replicates the empirically observed pattern and study the impact of demographic transition on output volatility. We …
Persistent link: https://www.econbiz.de/10010735186
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Chapter 12. Taxation, Pensions, and Demographic Change
Woodland, A. - In: Handbook of the economics of population aging : Volume 1, (pp. 713-780). 2016
This chapter provides a review of some implications of demographic shift arising from population aging for fiscal policy, taxation policy, and social security settings. The key implications of population aging that have been forthcoming from the many national and international macroeconomic...
Persistent link: https://www.econbiz.de/10014023468
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Demographic change and the great moderation in an overlapping generations model with matching frictions
Lugauer, Steven - In: Macroeconomic dynamics 16 (2012) 5, pp. 706-731
Persistent link: https://www.econbiz.de/10009745445
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Essays on the labor force and aggregate fluctuations
Lugauer, Steven - 2008
Persistent link: https://www.econbiz.de/10011573248