Building on the evolving literature on the topic, this paper reviews the relationship between demographics and long-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where countries differ in their population growth and...

The term Demographic Dividend occurs to a particular country when falling birthrates changes the age structure which further reduces the required investments in the Human Capital. Here we have tried to provide possible theory which can work for the Demographic Dividend for the state like...

This study analyzes Cabo Verde's demographic transition from the perspective of gender equality. As the pace of the demographic transition slows, promoting gender equality and increasing women's labor force participation will be progressively more important in enhancing otherwise slow-growth...

Using a large sample of countries and 60 years of data, the authors found a strong and intuitive link between demographic transitions and both GDP growth and capital market returns. Unlike previous researchers, who used ad hoc and restrictive demographic variables, the authors imposed a smooth...

This paper analyzes the impact of demographic change on the sustainability of fiscal policy. Firstly, we study the main causes of the deterioration of Japanese government fiscal conditions from the demographic point of view. Next, we investigate the impact of Korean population aging on the...

This paper explores the possible presence of a causal relationship from income to population. With this aim, US data at different geographical levels have been analyzed using a dynamic panel data estimation framework. The results obtained suggest that the more dissagregated the data the stronger...

This paper uses confidential supervisory information for a large random sample of checking accounts at a small number of large banks to examine the costs associated with checking account ownership and the determinants of involuntary account closure. We find that average monthly checking account...

The goal of this study is to explain causes of terrorism. This study suggests that terrorism can be due to, in specific regions, high growth rates of population that generate income inequality, subsistence stress (population pressure) associated with relative deprivation of people. In addition,...

Four factors suggest that population aging will have a larger fiscal impact in states with a high reliance on income taxes than in states with a high reliance on other taxes. First, as postulated by life-cycle consumption models, retirement has a larger impact on income than consumption. This...

Economists are divided about population growth: the pessimism of neo-Malthusians contrasts strongly with the optimism of cornucopians. Despite their differences, both schools of thought reject economic orthodoxy and prefer evolutionary forms of theory. Their interpretations of evolution are...