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forecasts and probabilistic prediction intervals for demographic parameters in addition. Age-sex specific population forecast … for Germany is derived through a stochastic population renewal process using forecasts of mortality, fertility and …-specific population forecast using the cohort-component method. The consequence for the German pension system is discussed. To maintain …
Persistent link: https://www.econbiz.de/10003814452
forecasts and probabilistic prediction intervals for demographic parameters in addition. Age-sex specific population forecast … for Germany is derived through a stochastic population renewal process using forecasts of mortality, fertility and …-specific population forecast using the cohort-component method. The consequence for the German pension system is discussed. To maintain …
Persistent link: https://www.econbiz.de/10010275908
likelihoods. The model is applied to forecast the population of Germany until 2040. The results indicate a larger future …, migration and mortality to forecast the population by age and sex. We specifically focus on quantifying the uncertainty of … forecast is quantified as prediction intervals for each subgroup. The underlying models for forecasting the demographic …
Persistent link: https://www.econbiz.de/10011912101
-as-you-go systems are needed. We propose a probabilistic approach to forecast the numbers of pensioners in Germany up to 2040 …
Persistent link: https://www.econbiz.de/10012599101
residuals shows that the model gives better forecast accuracy than the most commonly used methods in Germany. The modeling … approach performs better than common projection and forecast methods in Germany while integrating the often discussed link … distributions of each ASSFR as well as the Total Fertility Rate (TFR). The forecast shows, ceteris paribus, a further increase in …
Persistent link: https://www.econbiz.de/10011722114
) and the total fertility rate (TFR) for Germany via time series modeling of the principal components of the ASFRs. The …
Persistent link: https://www.econbiz.de/10011860247
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We … Germany does not help to improve its fiscal sustainability, and only an increase in the retirement age to 70 years will help …
Persistent link: https://www.econbiz.de/10012249285
This paper focuses on the empirically observed relationship between demographic change and inflation and explores the theoretical nature of the puzzling link between the two. It puts the existent disparate empirical findings in the literature into perspective by formalizing an...
Persistent link: https://www.econbiz.de/10012265487
Modeling short-term interest rates as following regime-switching processes has become increasingly popular. Theoretically, regime-switching models are able to capture rational expectations of infrequently occurring discrete events. Technically, they allow for potential time-varying stationarity....
Persistent link: https://www.econbiz.de/10009768272
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10012197894