We assess the impact of population structure on economic growth. Following recent research, we focus on the generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the generational turnover, depending on the age-profile of...

Demographic and economic growth will account for most of the anticipated growth in greenhouse gas (GHG) emissions in the next century. Education is associated with development, and the world population in the near future is likelyto be significantly better educated than today. Previous studies...

In general, the spreading of egalitarian family values has often been associated with a decline in fertility. However, recently a rebound in fertility has been observed in several industrialized countries. A possible explanation of this trend may be the spread of egalitarian values that induced...

This article introduces a social planner version of a model central to the New Economic Geography for explicitly answering whether the symmetric equilibrium outcome of the decentralized market economy is socially desirable. We find that savings incentives are too weak, resulting in an...

We consider an endogenous growth model with Blanchard-Yaari-type overlapping generations that is built around four sectors: final and intermediate goods production, an R&D sector and a health care sector. Health care serves to lower mortality and morbidity, the latter being related to...

Using several rounds of the Eurobarometer [EB] survey, we examine the relationship between lifetime fertility intentions and the “Great Recession” in Europe. We suppose that the increase in unemployment rates observed between 2006 and 2011, the years in which the two EB surveys were...

The reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.

Higher education is never free — the question is: who should pay for it? Current policy debates in Europe are increasingly focusing on raising the share of private funding. To date, policy discussions have centred on a relatively small number of alternatives, namely full public funding,...

In summer 2007, the US subprime crisis emerged and economic growth in industrialised countries started to slow down. The situation deteriorated after the default of Lehman Brothers in September 2008 and despite massive government interventions, the United States and most European countries slid...

This article investigates agglomeration processes in ageing societies by introducing an overlapping generation structure into a New Economic Geography model. Whether higher economic integration leads to spatial concentration of economic activity crucially hinges on the economies' demographic...