varying identifying assumptions. I argue that "type projection" organizes these findings and largely captures observed … behavior. Type projection formally models that people tend to believe others have object values similar to their own - a robust … psychological phenomenon that naturally applies to auctions. First, I show that type projection generates the main behavioral …

This paper investigates the consequences of population aging and of changes in the education composition of the … population for macroeconomic performance. Estimation results from a theoretically founded empirical framework show that aging as … well as the education composition of the population influence economic performance. The estimates and simulations based on …

The German population is aging. Since fewer children are born and simultaneously life expectancy rises, demographic … ambivalent. The change in the age structures results in higher tax revenues, while the decline of population has the opposite …

Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial … mainly driven by supply (reflecting local population dynamics) whereas urban ageing is driven by demand (reflecting responses …

position. An ageing population both lowers the demand and increases the supply of capital in an economy. Fewer workers reduce …