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The impact of rapid aging and pension reform on savings and the labor supply : the case of China

He, Hui; Ning, Lei; Zhu, Dongming - 2019

We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over … social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively … adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the …

Persistent link: https://www.econbiz.de/10012009609

The demographic deficit

Cooley, Thomas F.; Henriksen, Espen - In: Journal of monetary economics 93 (2018), pp. 45-62

Persistent link: https://www.econbiz.de/10012102942

Optimal investment in R & D with international knowledge spillovers

Aseev, Sergei; Hutschenreiter, Gernot; Kryažimskij, A. V. - 2002

Persistent link: https://www.econbiz.de/10001675374

Optimal investment in R&D with international knowledge spillovers

Aseev, Sergey; Hutschenreiter, Gernot; Kryažimskij, A. V. - 2002

We provide steps towards a welfare analysis of a two-country endogenous growth model where a relatively small follower absorbs part of the knowledge generated in the leading country. To solve a suitably defined infinite-horizon dynamic optimization problem a specialized version of the Pontryagin...

Persistent link: https://www.econbiz.de/10011492730

Labor income taxation, human capital and growth : the role of child care

Casarico, Alessandra (contributor); … - 2008

This paper studies the implications of introducing child care in the human capital production function when assessing the effects of labor income taxation on growth. We develop an OLG model where formal schooling and child care enter the human capital production function as complements and we...

Persistent link: https://www.econbiz.de/10003748485

Stock market wealth, private saving, and the current account in the United States : should we worry?

Strauß, Hubert - 1999

Persistent link: https://www.econbiz.de/10001439830

Stock market wealth, private saving, and the current account in the United States : should we worry?

Strauß, Hubert - 1999

The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving and the current account balance in the United States are worrisome in the sense that they cannot be sufficiently explained by determinants which performed well in the past. Stock...

Persistent link: https://www.econbiz.de/10011475984

A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie; Verdier, Geneviève; Rochon, Céline - International Monetary Fund (IMF) - 2008

We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...

Persistent link: https://www.econbiz.de/10005825815

Global demographic change : dimensions and economic significance

Bloom, David E.; Canning, David - In: Global demographic change : economic impacts and policy …, (pp. 9-56). 2004

Persistent link: https://www.econbiz.de/10002775531

Global demographic change : dimensions and economic significance

Bloom, David E.; Canning, David - 2004

Persistent link: https://www.econbiz.de/10002369204