This study aimed to estimate the work capacity of older Indonesians based on their health condition and other characteristics. Two analytic methods were used in this analysis-the Milligan-Wise method and the Cutler-Meara- Richards-Shubik method-and they found relatively small and substantial...

Numerous researchers acknowledge that the occupational pension protects employees. However, in China, the total cost of occupational pensions is shared between employees and employers, representing a significant financial commitment. This study aimed to explore the effect of the occupational...

This study documents increased intergenerational support for elderly parents in China among adults who were exposed to the "Later, Longer, Fewer" (LLF) family planning campaign in the 1970s. Using the China Health and Retirement Longitudinal Study, we identify adults of childbearing age whose...

In South Korea, nearly 40% of the elderly population lives in poverty, one of the highest rates in the developed world. As the country undergoes a rapid demographic transition and the share of older individuals increases, understanding the drivers of old-age poverty becomes increasingly...

In 1995, Germany established a two-tier compulsory long-term care insurance scheme. While the public branch, with its pay-as-you-go character, lacks sustainable financing due to demographic circumstances, the capital-funded private branch is supposed to be sustainably financed through its...

New Zealand's population is ageing. Public spending on public pensions (NZ Superannuation) and health are particularly sensitive to this trend and are expected to increase accordingly. Current and future government policies aimed at addressing this challenge will not only influence macroeconomic...

Demographic ageing, a topic that is intensively addressed in the scientific literature, significantly influences the functioning of economic systems. Demographic ageing directly impacts the labour supply, productivity, savings, investments and the sustainability of public finances through...

This paper analyzes the impact of the age structure of the population on the household saving rate using time-series data for Japan for the 1955-2019 period. It finds that there is a cointegrating relationship between Japan's household saving rate and her dependency ratio (the ratio of the...

Population aging in middle-income economies produces macroeconomic and distributional consequences that aggregate frameworks cannot detect. This paper develops a multi-household CGE model calibrated to a 26-sector Social Accounting Matrix for Thailand (2024) and traces the labor, saving, and...

Population aging is reshaping retirement trajectories, challenging traditional models that conceptualize retirement as a definitive withdrawal from productive roles. While bridge employment has been widely studied, research has largely focused on former salaried employees, leaving the...

This article reviews the growing literature on age at school entry and its effects over the life course. Age at school entry affects a broad range of outcomes, including education, labor-market performance, health, social relationships, and family formation. We synthesize the evidence using a...

This article reviews the growing literature on age at school entry (ASE) and its effects across the life course. ASE affects a wide range of outcomes, including education, labor-market performance, health, social relationships, and family formation. We synthesize the evidence using a conceptual...

We examine the labour market, welfare receipt and health effects of a reform to the Irish State Pension system which increased the age at which some workers could claim a State Pension. We use longitudinal data on ageing in Ireland and a causal identification strategy based on the random date of...

Using long running panel data spanning at least 15 years from Australia, Germany and the UK, this study investigates longitudinal age–wellbeing trajectories by the Big Five personality traits. We estimate within person (fixed effects) models separately for each country and for low/high trait...

China is experiencing rapid population aging and a declining workforce, posing significant economic and fiscal challenges, especially to the pension system. This paper examines the evolution of China’s pension system, assesses its gaps relative to international peers, and evaluates the...

We examine the labour market, welfare receipt and health effects of a reform to the Irish State Pension system which increased the age at which some workers could claim a State Pension. We use longitudinal data on ageing in Ireland and a causal identification strategy based on the random date of...

I study how delayed retirements reshape firms internal labor markets, leveraging a German reform that raised womens early retirement age by at least three years. The reform increased retention of older women and reduced both internal promotions and external hiring of younger coworkers, with the...

As the European population ages, the sustainability of pension systems faces a trilemma: the structural conflict between achieving benefit adequacy, fiscal stability, and labor market flexibility. This study investigates the primary research hypothesis that these three objectives involve...

This paper documents that the age at which CEOs are appointed has risen sharply over the past several decades. Using newly assembled data covering a wide set of firms, we show that this increase is concentrated outside the largest listed firms and driven primarily by longer and more diverse...

More than 15 years have passed since population in Japan began to decline. This paper addresses two questions concerning population decline in cities across the country. First, has the population decline occurred homogeneously or heterogeneously across cities? Second, if the decline has occurred...

Demographic change has profoundly influenced economic and societal developments in industrialised nations, driven by declining fertility, rising life expectancy, and migration dynamics. While national trends are well-documented, regional demographic variations remain underexplored, particularly...

This paper examines how stable national disposable income inequality can coexist with substantial local reconfiguration in spatial inequality within a small, open, and highly integrated economy. Focusing on Luxembourg, where strong commuting flows and a nationally uniform tax-benefit system...

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...

This report is one of two reports on the management of pension wealth in retirement conducted as part of the Pensions Review, led by the Institute for Fiscal Studies in partnership with the abrdn Financial Fairness Trust. In this report, we examine the decisions that older individuals face as...

Grandparents are an integral part of family support systems, serving as both providers and consumers of instrumental, financial, and emotional care. They also play a central role in transmitting cultural and financial capital to their grandchildren. Grandparenting, which refers to the care,...

Will ageing societies in Europe lead to a new savings glut? To address this potential consequence of demographic change, we assess the relationship between population ageing and safe assets in the euro area, using data from the Eurosystem's Household Finance and Consumption Survey (HFCS). Our...