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Demography, capital flows and unemployment

Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - 2011

unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …

Persistent link: https://www.econbiz.de/10010282316

Demography, capital flows and unemployment

Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - 2011

is mobile. -- demographics ; capital flows ; overlapping generations ; general equilibrium ; unemployment … unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past …

Persistent link: https://www.econbiz.de/10009517868

Global Ageing and Macroeconomic Consequences of Demographic Uncertainty in a Multi-Regional Model

Alho, Juha M. - 2010

-economic variables, the GDP growth rate and the world interest rate in particular, by uncertain future demographics. We show that the …

Persistent link: https://www.econbiz.de/10013137282

Macroeconomic Consequences of Global Endogenous Migration : A General Equilibrium Analysis

Borgy, Vladimir - 2011

In this paper, we analyze the consequences of endogenous migration flows over the coming decades in a dynamic general equilibrium model of the world economy. Such an approach has two major benefits. First, it offers a global perspective on the economic consequences of international migration...

Persistent link: https://www.econbiz.de/10013122563

Macroeconomic Consequences of Global Endogenous Migration : A General Equilibrium Analysis

Borgy, Vladimir - 2009

In this paper, we analyze the demographic and economic consequences of endogenous migrations flows over the coming decades in a multi-regions overlapping generations general equilibrium model (INGENUE 2) in which the world is divided in ten regions. Our analysis offers a global perspective on...

Persistent link: https://www.econbiz.de/10013157884

Age-specific entrepreneurship and PAYG public pensions in Germany

Heer, Burkhard; Trede, Mark - 2020

We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...

Persistent link: https://www.econbiz.de/10012249285

Aging, the great moderation and business-cycle volatility in a life-cycle model

Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014

According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...

Persistent link: https://www.econbiz.de/10010231628

Optimal pensions in aging economies

Heer, Burkhard - 2015

Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the payas-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates the...

Persistent link: https://www.econbiz.de/10010477151

Endogenous retirement behavior of heterogeneous households under pension reforms

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...

Persistent link: https://www.econbiz.de/10011891939

Optimal Pensions in Aging Economies

Heer, Burkhard - 2015

İmrohoroğlu, İmrohoroğlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83-114] show that the optimal replacement ratio of the pay-as-you-go public pension system in the US economy amounts to 30%. We extend their analysis to a model that 1) replicates...

Persistent link: https://www.econbiz.de/10013028781