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Fertility and mortality changes in an overlapping-generations model with realistic demography

Lau, Sau-Him Paul - In: Economic modelling 38 (2014), pp. 512-521

Persistent link: https://www.econbiz.de/10010418980

How powerful is demography ? The Serendipity Theorem revisited

DE LA CROIX, David; PESTIEAU, Pierre; PONTHIERE, Gregory - Center for Operations Research and Econometrics (CORE), … - 2009

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the …

Persistent link: https://www.econbiz.de/10008550247

How Powerful is Demography? The Serendipity Theorem Revisited

CROIX, David de la; PESTIEAU, Pierre; PONTHIERE, Gregory - Institut de Recherche Économique et Sociale (IRES), … - 2009

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the …

Persistent link: https://www.econbiz.de/10008516767

Fertility, Heterogeneity and the Golden Rule

Ponthière, Grégory - 2022

Phelpsís (1961) Golden Rule states an unambiguous relationship between optimal capital intensity and fertility: a rise … in fertility decreases the optimal capital intensity, because a higher fertility increases the investment required to … having distinct fertility behaviors. We derive the optimal accumulation rule in that framework, and we show that, unlike what …

Persistent link: https://www.econbiz.de/10013365108

Population Ageing and Inflation with Endogenous Money Creation

Fedotenkov, Igor - 2016

factors such as fertility rates and longevity to prices. We show that lower fertility rates lead to smaller demand for credits …

Persistent link: https://www.econbiz.de/10012997077

Drivers of real interest rates in a two-country, general-equilibrium, OLG model

Christensen, Frederik Bjørn; Pedersen, Jesper - 2023

most cited drivers; decreasing fertility, decreasing mortality, and a slowdown of technological growth. We do this through … global real interest rate. The model predicts a 2.25 percentage point decrease from 1950 until today with falling mortality … generating most of the decline. We calibrate the second country on Danish data and show how differences in mortality can help …

Persistent link: https://www.econbiz.de/10014231838

The Ageing, Longevity and Crowding Out Effects on Private and Public Savings

Wong, Benjamin - 2010

Life-cycle theory predicts ageing exerting long-term macroeconomic impacts through the reduction of private savings. However, empirical research studying macroeconomic determinants of savings generally regard age dependency as the sole measure of ageing, but overlook longevity, which can also...

Persistent link: https://www.econbiz.de/10013138658

Increasing Life Expectancy and the Fall and Rise in the Retirement Age

Hansen, Casper Worm; Lønstrup, Lars - 2013

This paper provides a theoretical foundation for a U-shaped evolution in the retirement age. By assuming no markets for annuities markets in a simple two period overlapping generations model with lifetime uncertainty, we show that increasing life expectancy can explain the observed evolution in...

Persistent link: https://www.econbiz.de/10014168830

Social insurance against a short life : ante-mortem versus post-mortem policies

Ponthière, Grégory - 2023

Welfare States do not insure citizens against the risk of premature death, i.e., the risk of having a short life. Using a dynamic OLG model with risky lifetime, this paper compares two insurance devices reducing well-being volatility due to the risk of early death: (i) an ante-mortem age-based...

Persistent link: https://www.econbiz.de/10014432194

Premature deaths, accidental bequests and fairness

Fleurbaey, Marc; Leroux, Marie-Louise; Pestieau, Pierre; … - 2017

While little agreement exists regarding the taxation of bequests in general, there is a widely held view that accidental bequests should be subject to a confiscatory tax. We propose to reexamine the optimal taxation of accidental bequests in an economy where individuals care about what they...

Persistent link: https://www.econbiz.de/10011778698