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The demographic transition: Causes and consequences

Galor, Oded - 2010

the rise in the demand for human capital in the process of development was the main trigger for the decline in fertility …

Persistent link: https://www.econbiz.de/10010284073

The effect of superstition on health: Evidence from the Taiwanese Ghost month

Halla, Martin; Liu, Chia-Lun; Liu, Jin-tan - 2019

for the period of the Ghost Months reductions in mortality, hospital admissions, and births. While the effect on mortality …

Persistent link: https://www.econbiz.de/10012140925

Intergenerational risk sharing in the spirit of Arrow, Debreu, and Rawls, with applications to social security design

Ball, Laurence; Mankiw, N. Gregory - 2002

This paper examines the optimal allocation of risk in an overlapping-generations economy It compares the allocation of risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of ignorance' could share risk with one another through...

Persistent link: https://www.econbiz.de/10010293496

The Future of Social Security

Gonzalez-Eiras, Martín; Niepelt, Dirk - 2007

We analyze the effect of the projected demographic transition on the political support for social security, and equilibrium outcomes. Embedding a probabilistic-voting setup of electoral competition in the Diamond (1965) OLG model, we find that intergenerational transfers arise in the absence of...

Persistent link: https://www.econbiz.de/10011430067

Educational policy and intergenerational income mobility: Evidence from the Finnish comprehensive school reform

Pekkarinen, Tuomas; Pekkala, Sari; Uusitalo, Roope - 2006

This paper estimates the effect of a major education reform on the intergenerational income mobility in Finland. The Finnish comprehensive school reform of 1972-1977 replaced the old two-track school system with a uniform nine-year comprehensive school and significantly reduced the degree of...

Persistent link: https://www.econbiz.de/10010317949

Debt, liquidity and dynamics

Polemarchakis, H. M.; Rochon, Céline - 2001

Money, which provides liquidity, is distinct from debt. The introduction of a bank that issues money in exchange for debt and pays out its profit as dividend to shareholders modifies the model of overlapping generations. Monetary policy can set, alternatively, the nominal rate of interest or the...

Persistent link: https://www.econbiz.de/10010318857

Trade and the great divergence: The family connection

Galor, Oded; Mountford, Andrew - 2006

This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a major role in the timing of demographic transitions across countries and has thereby been a significant determinant of the distribution of world population and a...

Persistent link: https://www.econbiz.de/10010318893

Frequency of trade and the determinacy of equilibrium paths: Logarithmic economies of overlapping generations under certainty

DeMichelis, Stefano; Polemarchakis, Heraklis - 2002

Equilibrium paths in economies of overlapping generations depend on the frequency of trade. In a logarithmic example, determinacy obtains as the frequency of trades tends to infinity or trade occurs in continuous time. If time extends infinitely into the infinite past as well as into the...

Persistent link: https://www.econbiz.de/10010318966

Inequality in land ownership, the emergence of human capital promoting institutions, and the great divergence

Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2006

This paper suggests that inequality in the distribution of land ownership adversely affected the emergence of human capital promoting institutions (e.g., public schooling) and thus the pace and the nature of the transition from an agricultural to an industrial economy, contributing to the...

Persistent link: https://www.econbiz.de/10010318968

The dynamics of the age structure, dependency, and consumption

Hock, Heinrich; Weil, David N. - 2006

We examine the dynamic interaction of the population age structure, economic dependency, and fertility, paying … particular attention to the role of intergenerational transfers. In the short run, a reduction in fertility produces a … probabilistic fashion. We show that most highly developed countries have fertility below the rate that maximizes steady state …

Persistent link: https://www.econbiz.de/10010318971