This paper analyses the effects of reducing unfunded social security and population ageing on economic growth and welfare, both for a small open economy and for a closed economy.The economy consists of a service sector and a commodity sector.Productivity growth only occurs in the latter sector...

This paper examines the implications of providing care to elderly parents for adult children's retirement plans using microdata from a Japanese survey. We find no significant effect of caregiving on family caregivers' planned retirement age if we do not take into account caregiving intensity but...

The Preston Curve - the increasing relation between income per capita and life expectancy - cannot be observed in countries where old-age dependency is widespread (that is, where long-term care (LTC) spending per capita is high). The absence of the Preston Curve in countries with high old-age...

We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...

In recent years we may observe increasing interest in the development of social innovation both regarding theory as well as the practice of responding to social problems and challenges. One of the crucial challenges at the beginning of the 21st century is population ageing. Various new and...

This paper examines the implications of providing care to elderly parents for adult children's retirement plans using microdata from a Japanese survey. We find no significant effect of caregiving on family caregivers' planned retirement age if we do not take into account caregiving intensity but...