Showing 1 - 10 of 2,515
Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing …-productivity profiles and pension systems can explain the exception. Fertility-promoting policies will always ease the public finance …
Persistent link: https://www.econbiz.de/10012813390
This study examines the effect of the COVID-19 pandemic on fertility in Norway at the individual level. Studies using … data at the macro level have found a positive short-term effect of the pandemic on fertility level in Norway, but women …'s fertility response to the pandemic may differ depending on their life situation. We use the first lockdown on March 12, 2020 as …
Persistent link: https://www.econbiz.de/10013193783
The world will experience dramatic demographic change over this century. This paper examines the impacts of this global demographic change on the Australian economy at both the aggregate and sectoral levels in a global multi-region and multi-sector general equilibrium model. Using a detailed...
Persistent link: https://www.econbiz.de/10012838076
Central banks have usually employed short-term rates as the main instrument of monetary policy. In the last decades, however, forward guidance has also become a central tool for monetary policy. In an innovative way this paper combines two sources of extraneous information - high frequency...
Persistent link: https://www.econbiz.de/10012295693
We assess the impact of continued low fertility in China, versus a rebound in fertility due to the relaxation of the …), income per capita is lower with a fertility rebound due primarily to a higher youth dependency rate. In the long run, higher … fertility leads to a reduction in the old-age dependency ratio and lowers the tax rate required to pay for old-age pensions and …
Persistent link: https://www.econbiz.de/10012950124
.S. data and validating it with quasi-experimental evidence, I find that raising aggregate fertility to the replacement level …. The key to this result is that the marginal cost of child quality rises with fertility, and fertility effects of the … rewards, in-kind benefits are less cost-effective in raising fertility but have other advantages: subsidized childcare …
Persistent link: https://www.econbiz.de/10013314205
This paper examines the effect of national income on the total fertility rate (children born per woman). We estimate … the effects on fertility of shocks to national per capita income using plausibly exogenous variations in oil price shock … negative and significant effect on the total fertility rate. Looking at the entire spectrum of the fertility distribution, the …
Persistent link: https://www.econbiz.de/10013254187
through unemployment insurance (UI). We introduce a novel empirical test of standard neoclassical models of fertility that … fertility rates. This implies that the well-documented cyclical nature of fertility rates is about access to liquidity. We also …
Persistent link: https://www.econbiz.de/10014226134
This paper examines the role of the natural rate of interest in the conduct of monetary policy. The natural rate figures prominently in many theories of the business cycle and of inflation fluctuations, and therefore has the potential to play a key role in monetary policy given the current...
Persistent link: https://www.econbiz.de/10014065849
married mothers' employment and fertility rates, paying special attention to heterogeneous effects. A heterogeneous agent … model, populated by married households who make decisions related to labour supply and fertility, and the Spanish economy … the fertility rate to increase, but it implies a significant adjustment in tax rates to maintain the same fiscal balance …
Persistent link: https://www.econbiz.de/10012887010