Demographic ageing, a topic that is intensively addressed in the scientific literature, significantly influences the functioning of economic systems. Demographic ageing directly impacts the labour supply, productivity, savings, investments and the sustainability of public finances through...

More than 15 years have passed since population in Japan began to decline. This paper addresses two questions concerning population decline in cities across the country. First, has the population decline occurred homogeneously or heterogeneously across cities? Second, if the decline has occurred...

Demographic change has profoundly influenced economic and societal developments in industrialised nations, driven by declining fertility, rising life expectancy, and migration dynamics. While national trends are well-documented, regional demographic variations remain underexplored, particularly...

Demographic change is one of Germany's most pressing social and economic challenges. Using data from a representative telephone survey, we analyze how well informed respondents are about the magnitude of demographic change and what factors influence the accuracy of their beliefs. We find that...

In this paper, we use an overlapping-generations standard-incomplete markets model to quantitatively investigate the long-run implications of Korea's demographic changes and policy reforms. Importantly, our quantitative model endogenizes the retirement decision and matches the elasticity of...