Economists have studied the potential effects of shifts in the age distribution on the unemployment rate for more than 50 years. Most of this analysis uses a "shift-share" method, which assumes that the demographic structure has no indirect effects on age-specific unemployment rates. This paper...

This paper aims to facilitate a more nuanced understanding of regional disparities in the population age structure at a local scale by applying a recent method for visualizing these disparities. Utilizing data from the three most recent population censuses in Greece, this method applies advanced...

China and India, two Asian countries that experienced a rapid decline in fertility since the middle of the twentieth century, are the focus of this paper. Although there is no doubt that lower fertility levels have many positive effects on the economy, development and sustainability, little is...

Die Studie gibt Einblick in die Alterszusammensetzung der systemrelevanten Beschäftigung nach Teilbereichen in Österreich im Referenzjahr 2023, wobei, dem hohen Frauenanteil und den Altersstrukturmerkmalen geschuldet, ein besonderer Fokus auf Frauen liegt. Es werden Handlungsempfehlungen...

Purpose - This study examined the roles of public spending and population moderating characteristic structure of selected African economies on bank-based financial development through credit to private sector. Design/methodology/approach - The study sampled 37 selected African economies for the...

This paper argues that population age structure plays a significant role alongside institutional, technological, political, and cultural factors when it comes to explaining shifts in urban, regional and national economic development. The paper demonstrates how demographic transitions lead to...

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from...

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950-2015....

Economists have studied the potential effects of shifts in the age distribution on the unemployment rate for more than 50 years. Most of this analysis uses a "shift-share" method, which assumes that the demographic structure has no indirect effects on age-specific unemployment rates. This paper...

A large literature has reopened the secular stagnation hypothesis, first proposed near the end of the great depression as a warning for anemic growth resulting from long run trends in population aging. In this paper, I explore the relationship between population age structure and growth in:...

In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...

Using data from 68 countries on over 8 million respondents over forty years we show union membership peaks in midlife – usually around workers’ late 40s or early 50s. In doing so we extend Blanchflower’s (2007) earlier study, incorporating a further 39 countries and another decade or so of...

A large literature has revived the secular stagnation hypothesis. In this paper, I explore effects of population age structure on investment, consumption and output growth in a long run panel of advanced economies. The evidence is largely consistent with proposed channels for secular stagnation....

An extended dynamic Nelson-Siegel (DNS) model is developed with an additional functional demographic (FD) factor that considers the overall demographic age distribution as a persistent long-run driving force. The FD factor in the extended DNS model improves the accuracy of the yield curve...

Akademisierung, Zuwanderung und demografischer Wandel sind bestimmende Themen unserer Zeit und nehmen Einfluss auf die Einkommensverteilung. Der diesjährige Verteilungsreport legt daher seinen Schwerpunkt auf die Frage, welche Veränderungen der Nettoeinkommensverteilung mit einem...

Aim/purpose - The demographic dividend, defined as the proportion of working age to the rest of the population, is an opportunity seen mainly in developing countries, resulting from demographic transition. Efforts to maximize gains from it are crucial, especially for the Arabian Gulf states,...

Population aging has been linked to a global savings glut and a decline in safe real interest rates. Conversely, risky real returns have not fallen as much, if at all, with equity risk premia on the rise. An existing literature can explain changes in safe rates using demographics. We go further...

This paper investigates the importance of the age composition for pandemic policy design. To do so, it introduces an economic framework with age heterogeneity, individual choice, and incomplete information, emphasizing the value of testing. Calibrating the model to the US Covid-19 pandemic...