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This chapter investigates the two-way relationship between population aging and international migration. After … documenting the trends for both, we review the supply-push and demand-pull determinants of migration, focusing particularly on the … role of age and aging. We subsequently analyze the implications of migration in the context of aging for labor markets, as …
Persistent link: https://www.econbiz.de/10014023473
that reductions in the benefit level (i.e. privatization) will only reduce economic efficiency. -- stochastic OLG model …
Persistent link: https://www.econbiz.de/10009375717
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...
Persistent link: https://www.econbiz.de/10010467965
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the payas-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates the...
Persistent link: https://www.econbiz.de/10010477151
In this paper, we investigate the impact of demographic uncertainty in a multi-regional general equilibrium, overlapping generations model (INGENUE 2). Specifically, we will consider the level of uncertainty in each of the ten major regions of the world, and their correlation across regions. In...
Persistent link: https://www.econbiz.de/10013137282
based on standard OLG models predict that these changes will increase the capital-labor ration. Hence, rates of return to …
Persistent link: https://www.econbiz.de/10013100505
based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to …
Persistent link: https://www.econbiz.de/10013100571
This paper employs a large scale overlapping generations (OLG) model with endogenous education to evaluate the …
Persistent link: https://www.econbiz.de/10013157400
This paper employs an Overlapping Generations Model to quantify the impacts of Korea's demographic transition toward an older population on the total output growth rate. The model incorporates the projected population through 2060 according by Statistics Korea. The effects of the low fertility...
Persistent link: https://www.econbiz.de/10012953807
This paper employs a large scale overlapping generations (OLG) model with endogenous education to evaluate the …
Persistent link: https://www.econbiz.de/10012721264