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The future effects of population ageing on the Australian economy have been widely canvassed in recent years, most … notably in the two Intergenerational Reports produced by the Australian Treasury and in the Economic Implications of an Ageing … Australia report produced by the Productivity Commission. These reports are mainly concerned with the effect of ageing on the …
Persistent link: https://www.econbiz.de/10005031647
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to 2030, wherein China’s growth rate slows considerably due to ageing and slower labour force growth. Comparator …
Persistent link: https://www.econbiz.de/10005532885
International pressure to revalue China’s currency stems in part from the expectation that rapid economic growth should be associated with a real exchange rate appreciation. This hinges on the Balassa-Samuelson hypothesis under which economic growth, stemming from improvements in traded sector...
Persistent link: https://www.econbiz.de/10005532888
Ageing is a main concern in Western Europe for the present half century. It impinges heavily upon the financing of …
Persistent link: https://www.econbiz.de/10005406574
growth-retarding effects of fertility decline and ageing. …
Persistent link: https://www.econbiz.de/10005734288
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China's economic growth has, hitherto, depended on its relative abundance of production labour and its increasingly secure investment environment. Within the next decade, however, China's labour force will begin to contract. This will set its economy apart from other developing Asian countries...
Persistent link: https://www.econbiz.de/10005698405
One consequence of the trade and technology driven increases in skill premia in the older industrial regions since the 1980s has been a perceived “skill shortage” in those regions, along with freer migration of skilled and professional workers from developing regions. While skilled migration...
Persistent link: https://www.econbiz.de/10005698416
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...
Persistent link: https://www.econbiz.de/10010735186