This paper argues that population age structure plays a significant role alongside institutional, technological, political, and cultural factors when it comes to explaining shifts in urban, regional and national economic development. The paper demonstrates how demographic transitions lead to...

A large literature documents the positive influence of a city's skill structure on its rate of economic growth. By contrast, the effect of a city's age structure on its economic growth has been a hitherto largely neglected area of research. This paper hypothesizes that cities with more...

Long-term borrowing costs have been on a path of near continuous decline for the last several decades, with huge consequences for asset values, government finances, borrowers and savers. To shed light on why, we have estimated a global model that brings together an extensive set of drivers of...

This paper aims to facilitate a more nuanced understanding of regional disparities in the population age structure at a local scale by applying a recent method for visualizing these disparities. Utilizing data from the three most recent population censuses in Greece, this method applies advanced...

The exit of the United Kingdom from the European Union has had profound economic and political effects. Here, we look at a particular aspect, the power distribution in the Council of the European Union. Using the Shapley-Shubik power index, we calculate the member states' powers with and without...

This paper adopts a neoclassical framework to study the effect of age composition of the working-age population on labour productivity and its determinants, based on an unbalanced panel of 64 non-oil-producing countries, over the period 1950-2017. Our first contribution comes from testing...

This article studies whether immigration in voter's neighborhoods is a driving factor of the rise of Germany's major right-wing party Alternative fuer Deutschland (AFD) and the decline of Angela Merkel's center ruling party the Christian Democratic Union (CDU). We use the 2015 refugee crisis as...

Does a shortage of safe assets sow the seeds of instability in a financial system? This paper empirically explores the hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the assumption of growth- or wealth-based demands...