We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the one child policy, on demographic and macroeconomic outcomes in a dynamic general equilibrium framework. We use a rich model of human capital investment, public health insurance,...

Background: In Switzerland, age is the predominant driver of solidarity transfers in risk adjustment (RA). Concerns have been voiced regarding growing imbalances in cost sharing between young and old insured due to demographic changes (larger fraction of elderly 65 years and rise in average...

This paper investigates the impact of policies and institutions on health expenditures for a large panel of OECD countries for the period 2000-10. We use a set of 20 policy and institutional indicators developed by the OECD characterising the main supply-side, demand-side, and public management,...

This paper develops a model with increasing adult life expectancy as the driving force of the economic and demographic transition. We show that if parents invest their own time into children's human capital, rising adult life expectancy unambiguously increases fertility. With children educated...

Because of demographic changes, the Social Security system in the United States will face financial challenges in the near future. Declining fertility rates and increasing life expectancies are causing the U.S. population to age. Today, 12 percent of the total population is aged 65 or older, but...

This paper aims to provide a long-term financial vision for the Vietnamese pension scheme using stochastic modeling for key variables under an actuarial framework. In particular, we project the pension fund balances in order to see whether the scheme will be financially sustainable. The median...

In their recent paper, Boldrin and Montes (2005) analyze the "return on human capital investment" theory and show that if borrowing for education is not possible, then a combined public education and pension system that uses lump sum taxes and transfers can replicate the first-best decentralized...

This paper gives a demographic approach to the matter of the Brazilian demographic ageing. It discusses the relationship between ageing and dependence. It also tries to evaluate if to be elderly today, 1998, it is different of being elderly in the recent paste, 1981. The data utilized are from...

The rate of new business startups has fallen drastically over the last thirty-five years, accelerating greatly since the year 2000. Other measures of business dynamism such as the job reallocation rate are consistent with this trend, raising serious concern given the importance that young, high...

Population ageing has often been summarised through rising old-age dependence ratios. Age is therefore perceived as a source of dependence, which supposedly causes economic problems. While these perceptions seem intuitive, they are open to query and may be misleading. The current chapter looks...