We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …

policy shocks. We find that a higher degree of KUJ lowers economic growth, while, in contrast, a decrease in the fertility …

This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as … part through education. In addition to the customary externality source associated with a change in average fertility rate … alone entails a higher fertility rate and a lower ratio of high- to low-ability children, as compared to using education …

the type of aging, i.e. declining fertility or increasing longevity, and the type of pension system, i.e. defined … fertility, a mandatory retirement system with defined contributions fares better …

shows that the type of aging, i.e. declining fertility or increasing longevity, and the type of unfunded social security … unregulated. In comparison, when aging is driven by a decreasing fertility rate, a mandatory retirement system fosters more …