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Individuals aged 65 years and older currently make up a larger share of the population than ever before, and this group is predicted to continue growing both in absolute terms and relative to the rest of the population. This chapter begins by introducing the facts, figures, and forecasts...
Persistent link: https://www.econbiz.de/10011528113
The present study first examines the trends in age structural shifts in selected Asian economies over the period 1950–2050 and analyzes their impact on economic growth in terms of the first and second demographic dividends computed from the system of National Transfer Accounts. Then, using the...
Persistent link: https://www.econbiz.de/10013328155
Population aging is typically associated with economic challenges for productivity and financial threats for the old-age financial protection system of a country. This paper takes an optimistic position and outlines key ingredients to make it a successful experience. Yet to turn this challenge...
Persistent link: https://www.econbiz.de/10009793073
The paper studies the effects of changes in the age structure on aggregate labour market performance using a panel of Swedish local labour markets. The methodology of Shimer (2001) is used for studying the effects of youth cohort size and is extended to include the full age distribution. The...
Persistent link: https://www.econbiz.de/10011575197
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education and retirement, taking macroeconomic repercussions through endogenous factor prices and the pension system into account. We build a model of a closed economy inhabited by...
Persistent link: https://www.econbiz.de/10010528342
The world will experience dramatic demographic change over this century. This paper examines the impacts of this global …-sector general equilibrium model. Using a detailed structural model, we simulate demographic shocks of six regions in the world …, economic structure and trade patterns. The results suggest that demographic change in different regions of the world economy …
Persistent link: https://www.econbiz.de/10012838076
trends and from the inclusion of China and eastern Europe into the World Trade Organization. This led to a shift in …. This shock is now reversing. As the world ages, real interest rates will rise, inflation and wage growth will pick up and …
Persistent link: https://www.econbiz.de/10012950258
The demographic foundation of nations is remarkably resilient to losses with the causes of that resiliency not uniform cross-nationally. Countries in the early stages of development have very high birth rates and a growing youthful population with only the most extreme cases of genocide...
Persistent link: https://www.econbiz.de/10013221778
Immigration is a possible instrument for offsetting longer-run adverse effects of population aging on per capita income. Our "laboratory" is a fictional country Alpha to which we assign demographic characteristics typical of a country experiencing population aging. Simulations indicate that a...
Persistent link: https://www.econbiz.de/10011455444
Asia as a whole is experiencing a rapid demographic transition toward older populations, though different countries are at different stages of this region wide trend. We document Asia's aging population, describe the region's old-age support systems, and highlight the regional socioeconomic...
Persistent link: https://www.econbiz.de/10013118373