Showing 1 - 10 of 178
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth accumulation, expected asset returns, and global imbalances. Combining population forecasts with household survey data from 25 countries, we measure the compositional effect of aging:...
Persistent link: https://www.econbiz.de/10013215021
Persistent link: https://www.econbiz.de/10012629002
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth accumulation, expected asset returns, and global imbalances. Combining population forecasts with household survey data from 25 countries, we measure the compositional effect of aging:...
Persistent link: https://www.econbiz.de/10012616609
Persistent link: https://www.econbiz.de/10012603909
Persistent link: https://www.econbiz.de/10012177411
Persistent link: https://www.econbiz.de/10003925260
Persistent link: https://www.econbiz.de/10009236135
Persistent link: https://www.econbiz.de/10003865611
Regulation of economic activity is ubiquitous around the world, yet standard theories predict it should be rather uncommon. I argue that the ubiquity of regulation is explained not so much by the failure of markets, or by asymmetric information, as by the failure of courts to solve contract and...
Persistent link: https://www.econbiz.de/10012462999
Persistent link: https://www.econbiz.de/10014448701