consumption development and thus average welfare of individual cohorts. The analysis is based on a Ramsey growth model and refers …In Deutschland sind die Alterung und der drastische Rückgang der Bevölkerung unausweichlich. Im Zuge dieser Entwicklung … Situation in Deutschland. Die Ergebnisse zeigen, dass die Wohlfahrt von Kohorten mit einer Lebenserwartung bis 50 Jahre ohne …

path. For this purpose a macroeconomic simulation model which combines demographic forecasts with a modified Ramsey growth …This study investigates the influence of the demographic ageing process in Germany on the long-term economic growth … model is applied. Special focus is put on the consumption effects of population ageing and the potential to counter those by …

consumption development and thus average welfare of individual cohorts. The analysis is based on a Ramsey growth model and refers …In Deutschland sind die Alterung und der drastische Rückgang der Bevölkerung unausweichlich. Im Zuge dieser Entwicklung … Situation in Deutschland. Die Ergebnisse zeigen, dass die Wohlfahrt von Kohorten mit einer Lebenserwartung bis 50 Jahre ohne …

labor and capital, higher intertemporal elasticity of substitution in consumption, reforms aiming at increasing the relative …

simulation exercises to make the challenges and controversies more transparent. The chapter begins with an institutional view of …

simulation exercises to make the challenges and controversies more transparent. The chapter begins with an institutional view of …

shocks. Consistent with the empirical evidence, the simulation results of the model show that the consumption of retirees is …English Abstract: This paper explores the heterogeneous effects of monetary policy on consumption between workers and … retirees. Using household-level data from the U.S., Italy, Japan and Korea, we first show that the consumption of retirees …