This study demonstrates that the existing Labour Utilisation Framework does not appropriately measure the actual level of underemployment. Therefore, it proposes a Dynamic Labour Utilisation Framework (DLUF) that includes a systematic method for setting the underemployment threshold. Applying...

Population ageing has brought concerns about labour shortage and public finance sustainability. These concerns spread out from the assumption that an increased age-based dependency ratio is a synonym of shrinking working lifespan for financing extending lifecycle consumption. Such a conclusion...

In Canada, immigration constitutes the primary response to population ageing. While extensive research has covered the impact of immigration on various aspects of the labour supply, the financial aspect has received less attention. In this study, we apply the National Transfer Account (NTA)...

Projection of future needs for home care services typically uses current utilisation patterns and population ageing. Accurately assessing this need is much more complex since disability patterns among the elderly are changing and availability of caregivers is affected by changes in family...

Projections of future need for Canadian continuing care services typically uses current utilization patterns and population aging. Accurately assessing this need is much more complex since disability patterns among the elderly are changing and availability of caregivers is affected by changes in...

This paper discusses intergenerational equity in terms of age of retirement and average number of years to be spent in retirement for successive cohorts in Canada. It demonstrates that using average retirement age (or median retirement age) as was done in the past in Canada, leads to very...

The aim and scope of this paper is to isolate the effects of population ageing in the context of potential Scottish independence. Fiscal challenges are often quoted as a strong argument against independence. Demographic processes play an important role in determining future economic growth via...

In this paper we estimate the benefit for the ageing North countries of diversifying some of its trade away from the other North countries in favour of the South countries. To this end we use a six-region overlapping generations model that takes into account the demographic trends of the 21st...

This paper presents a dynamic Overlapping Generations Computable General Equilibrium (OLG-CGE) model of Scotland. The model is used to examine the impact of population ageing on the labour market. More specifically, it is used to evaluate the effects of labour force decline and labour force...

This paper uses an OLG CGE model for the UK to illustrate the long-term effect on migration on the macroeconomy. As an illustration we use current UK government's migration target to reduce net migration "from hundreds of thousands to tens of thousands". Achieving this target would require to...