Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing challenge brought about by population aging. It may or may not increase production per capita. Existing simulation studies all find a positive impact on public finances over...

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, that...

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...

We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...

In this article, an updated approach to investigate the effects of demographic fac- tors on economic growth is proposed. The initial hypothesis was that these factors significantly affected production proportions, determining development vectors. The predictable shifts in production dynamics are...

This research note describes a cross-sectional study of the relationship between population growth and GDP growth across 181 countries, including subsets of 51 emerging market countries and 36 low-income countries. The bivariate model produces a statistically significant result only for the...

Korea is aging at a faster pace than any other major country, and the negative impact on the economy is expected to be considerable. - In thirty years, the old-age dependency ratio is projected to exceed 70% and GDP growth to mark around the 1% range. This would pose a tremendous threat to...

A dynamic stochastic unified growth model is estimated from English economy data for almost a millennium. At the core of the (seven) overlapping generations, rational expectations structure is household choice about target number and quality of children. The trends of births, deaths, population...

In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three-period overlapping generations model. We focus on both the case of...

Peak-Konsum -- Die Auswirkungen von Bevölkerungsschrumpfung und -alterung auf das Rentenversicherungssystem in Deutschland -- Was taugen die Vorhersagen? Regionale Unterschiede in der demografischen Entwicklung, Ursachen und Zukunftsprognosen -- Die Generationenökonomie -- Auswirkungen des...

The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...

The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. It shows that, in the absence of retirement annuities, or for a given level of annuitization, both...

Transformationsprozesse bringen Probleme wie Arbeitslosigkeit und Veränderungen in der Demografie mit sich. Dies hat sich sehr stark in den letzten fünfundzwanzig Jahren in Ostdeutschland gezeigt. In Bundesländern wie Thüringen und Sachsen zeigen sich die Probleme und Widersprüche der...

We show that the long-run economic growth effect of an increase in the retirement age is unambiguously positive in research and development based endogenous growth models. This contrasts recent findings based on models of learning-by-doing-spillovers, in which an increase in the retirement age...

Affirmative Action and Employment -- AI and robotics innovation: a sectoral and geographic mapping using patent data -- Attorneys as Professional Human Resources: When do Plaintiffs Prefer Contingent Fees to Hourly Fees? -- Bayesian Econometrics Methods -- Behavioral Aspects of Communication in...

Introduction -- The population trend: from increases to decreases -- Economic new normal meets post-demographic transition -- The acceleration trend in population aging -- The urbanization trend in the migrant agrarian population -- The slow-decrease trend in the sex ratio at birth -- The...

In this paper we study Malthusian pressures in a frontier economy. Using the empirical data on the real prices and demographic variables from 1688 to 1860 for Quebec and Montreal, we test for the existence of Malthusian pressures. Bearing in mind the particularities of frontier economies and the...