interests of the different groups are only partly coinciding. For a given demography and interest rate, the joint result of the … in the capital market with a corresponding equilibrium interest rate. In this paper we assume a demography with one … determined by the demography and cannot be modified at will as a long-term political instrument. We find that this is relevant …

attainment improved. We show how demography can account for this seemingly conflicting pattern. Specifically, we argue that a …

Demography is typically defined as the study of human populations and the changes in their quantity associated with … migration, fertility, and mortality. The term demography comes from Greek word and means “describing people.” Thus, this …, composition, spatial distribution, and population density. In addition, sometimes a distinction is made between “formal demography …