In recent research age distribution effects on the current account have been found in cross-country panel regressions. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960-1995, we find that the age effects on saving are similar...

In recent years, structural changes to the school system, including the introduction of independent schools, have increased school choice alternatives in Sweden. Consequently, a large share of today’s students attend a school other than the one closest to home. Since the compulsory school...

Population aging is a global phenomenon that influences not only the industrialized countries of Asia and the West, but also many middle- and low- income countries that have experienced rapid fertility decline and achieved long life expectancies. This book explores how workers and consumers are...