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In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
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We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a %u201 … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …
Persistent link: https://www.econbiz.de/10013243953
We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a quot … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …
Persistent link: https://www.econbiz.de/10012717630
We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …
Persistent link: https://www.econbiz.de/10012466515