This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...

Providing support to older people with disabilities will increasingly challenge care systems in all countries. Accurately gauging the unmet need is a first step in response. Disability is commonly measured by documenting people's capacity to perform Activities of Daily Living (ADLs) and...

Most industrialized countries today are facing historical demographic changes, paring increasing retirement with a declining labor force. We study the consequences of an increasing pensioner-worker ratio in a macroeconomic framework, which suggests a negative effect on total factor productivity....

We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. We find that in the absence of Germany's public long-term insurance scheme, informal elderly care has adverse and persistent...

I document a statistical link between old-age dependency ratios and average markups. I propose that a mechanism whereby households develop deep habits in consumption as they age could explain this feature of the data. I show that when this mechanism is embedded in an overlapping generations New...

This paper examines the relationship between immigration enforcement and institutionalization rates of the elderly. Exploiting the staggered implementation of the Secure Communities (SC) immigration enforcement program across U.S. counties from 2008 through 2014, we show that SC led to a 0.26...

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....

We analyse the impact of robot adoption on employment composition using novel micro data on robot use in German manufacturing plants linked with social security records and data on job tasks. Our task-based model predicts more favourable employment effects for the least routine-task intensive...

Today, the replacement of the ageing agricultural population is a global challenge in many food-producing countries. This article aims to provide an overview of generational change in agriculture based on the literature in international economics published in recent years, using a systematic...

The number of self-employed workers has been rising rapidly in the UK in recent decades. At the same time, private pension participation among this group has fallen sharply, leading to increasing concern among policymakers about the preparedness for retirement of self-employed workers. This...

In December 2022, the German Pension Insurance announced an estimated surplus of €2.1 billion for the past year. President Roßbach partly explained this balance was due to the “Corona Pandemic, which has led to an increase in mortality, especially among older people”. Here, the author...

Within the frame of the Nordic welfare model, pension system design has taken very different routes. While the overall aims in terms of distribution and replacement rates are similar, the division of labour between defined benefit and contribution as well as pay-as-you-go versus funded schemes...

While there are growing concerns about population aging, some studies explore the possibility that population aging can give rise to a silver dividend that contributes to economic growth (ADB 2019). While the demographic dividend refers to the increase of the working-age population, the silver...

We study whether a better knowledge of the functioning of pay-as-you-go pension systems and recent demographic trends in the hosting country affects natives' attitudes towards immigration. In two online experiments in Italy and Spain, we randomly treated participants with a video explaining how,...

This paper identifies individual and regional risk factors for hospitalizations caused by heat within the German population over 65 years of age. Using administrative insurance claims data and a machine-learning-based regression model, we causally estimate heterogeneous heat effects and explore...

Using the differentiated increase in retirement age across cohorts introduced by the 2010 French pension reform, we estimate the health-consumption effects of a 4-month increase in retirement age. We focus on individuals who were close to retirement age but not retired yet by the time the reform...

For almost 60 years, the Canadian Tax Foundation published an annual monograph, Finances of the Nation, and its predecessor, The National Finances. In a change of format, the 2014 Canadian Tax Journal introduced a new “Finances of the Nation” feature, which presents annual surveys of...

be left unharvested to avoid CO2 emissions and retain stored carbon, or harvested to take advantage of carbon entering post-harvest wood product (PHWP) pools while new growth removes CO2 from the atmosphere. To examine carbon rotation ages that consider commercial timber plus carbon prices,...

This paper discusses intergenerational equity in terms of age of retirement and average number of years to be spent in retirement for successive cohorts in Canada. It demonstrates that using average retirement age (or median retirement age) as was done in the past in Canada, leads to very...

This paper analyzes how population aging affects the government expenditure composition, economic growth, and social welfare under democracy using an overlapping generations model. As public investment and welfare expenditures are financed by income tax, intergenerational conflicts remain in the...

Judges perform very different analyses when investors ask for protection. When the petitioning party is a shareholder, the court will deploy broad equitable doctrines with an eye towards reaching a fair result. On the other hand, creditors typically find a much less sympathetic ear, as courts...

This paper presents new evidence on the interaction between demographic and occupational change in Europe over the last 25 years. We use data from the European Union Labour Force Survey covering six European countries. The analysis is based on a cross-sectional comparison between the population...