Showing 1 - 7 of 7
Recently, there has been wide interest in the "economics" of population aging. Demographic change has crucial consequences for economic behavior; it e.g. implies that consumption and investment decisions vary over the life-cycle. The latter has important implications for economic growth, whereas...
Persistent link: https://www.econbiz.de/10011575588
Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
Persistent link: https://www.econbiz.de/10011287001
finds the relation between democracy and market. The conjunction of democracy and market is society and its demography. This … paper focuses on the field of public economics where a confluence of public finance and demography is investigated. It is … coined a fiscal demography, which its primary goal is to discover demographic reason of fiscal processes and structures. This …
Persistent link: https://www.econbiz.de/10012236644
The present paper studies the effect of monetary policy on inflation and output within a New Keynesian model with Experience-Based Learning (EBL) that renders expectations heterogeneous across age groups. Under EBL, the age-distribution directly affects the composition of aggregate expectations...
Persistent link: https://www.econbiz.de/10013330596
We analyze individuals with heterogeneous time-inconsistent preferences that consume sin goods and make a savings decision. A government may tax the sin good and provide mandatory health insurance. Due to time-inconsistency, the individual sin good and savings choices in ict internalities. Due...
Persistent link: https://www.econbiz.de/10012312290
This paper reviews the literature on incorporating behavioural elements into epidemiological models of pandemics. While modelling behaviour by forward-looking rational agents can provide some insight into the time paths of pandemics, the non-stationary nature of Susceptible-Infected-Removed...
Persistent link: https://www.econbiz.de/10012886463