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...

It is attempted to explore the role of change in age-structure and human capital in economic growth of developing countries. A disaggregated panel analysis of 67 developing economies across regions and income groups over the time period of 1960-2014 is conducted. Difference Generalized Method of...

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

COVID-19 causes extremely high mortality among the old. This motivates a comparison of the losses of future lifetime years and future lifetime years of work ensuing from a hypothetical 25,000 excess deaths in Italy, whose affluent population is one of the world's oldest, with those in Kenya,...

In tourism, information can be treated as the most important factor influencing consumer behaviour. Word-of-mouth is one of the possible ways to transfer information. It is a form of communication – through recommendations - which involves consumers discussing their experience after service...

COVID-19 causes extremely high mortality among the old. This motivates a comparison of the losses of future lifetime years and future lifetime years of work ensuing from a hypothetical 25,000 excess deaths in Italy, whose affluent population is one of the world's oldest, with those in Kenya,...

This paper analyses the macroeconomic implications of a future shift in the age structure of the Swiss population. It estimates the long-run effects for Swiss GDP growth and its components in an Overlapping Generations Model (OLG model). Recent population projections by the Federal Statistical...

Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial variation across regions. In this paper we first use this spatial variation between 1975 and 2014 to estimate quasi- causal supply effects of ageing on regional labour market outcomes,...

Like many other countries, Germany has experienced rapid population and workforce ageing, yet with substantial variation across regions. In this paper we first use this spatial variation between 1975 and 2014 to estimate quasi-causal supply effects of ageing on regional labour market outcomes,...

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

This study investigates the relationship between demography and inflation using panel cointegration for 24 countries during 1961-2014. It shows that the age structure of the population affects inflation. The answer to the question "is population aging inflationary or disinflationary?" depends on...

This study quantifies the effect of aging on the age-wage profile, using data from Japan, which is the fastest aging country in the world. Using a model with imperfect substitution among labor inputs in different age groups, we obtain two findings. First, the change in age composition of male...

This paper studies the effects of demographic structure on the cyclical volatility of aggregate consumption. We first document that young households have more volatile consumption expenditures in business cycles than prime-aged ones. Then, we identify large effects of demographic composition on...

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...

Der Beitrag geht der Frage nach, ob Reurbanisierung nur ein Phänomen von Großstädten ist oder auch in Mittelzentren als Trend erkennbar wird. Dafür werden Daten der amtlichen Statistik zu 105 Mittelzentren in Nordwestdeutschland analysiert und die Ergebnisse mit denen der Oberzentren sowie...

Public sector hiring has been an essential component of the social bargains that have maintained political stability in the Middle East and North Africa (MENA). As these bargains eroded, public sector workforces contracted in relative terms owing to a partial freeze on hiring and the promise of...

Der Beitrag geht der Frage nach, ob Reurbanisierung nur ein Phänomen von Großstädten ist oder auch in Mittelzentren als Trend erkennbar wird. Dafür werden Daten der amtlichen Statistik zu 105 Mittelzentren in Nordwestdeutschland analysiert und die Ergebnisse mit denen der Oberzentren sowie...

Public sector hiring has been an essential component of the social bargains that have maintained political stability in the Middle East and North Africa (MENA). As these bargains eroded, public sector workforces contracted in relative terms owing to a partial freeze on hiring and the promise of...

A large literature documents the positive influence of a city's skill structure on its rate of economic growth. By contrast, the effect of a city's age structure on its economic growth has been a hitherto largely neglected area of research. This paper hypothesizes that cities with more...

Immigration is a possible instrument for offsetting longer-run adverse effects of population aging on per capita income. Our "laboratory" is a fictional country Alpha to which we assign demographic characteristics typical of a country experiencing population aging. Simulations indicate that a...