This study investigates the dynamic impact of population aging on consumption preferences in China, a critical area given consumption's role in global economic growth and the country's accelerating demographic shifts. Utilizing pooled panel data from the 2015, 2017, and 2019 China Household...

This article investigates the link between environmental, social, and governance performance (ESG) and dividend policy, as well as how likely the corporate life cycle might moderate this association. Using cross-country data from 2010 to 2020, the findings of this study reveal that ESG has a...

We develop a general-equilibrium OLG model of human capital to study the dynamics of the U.S. college premium and lifetime wage profiles between 1940 and 2020. The model features endogenous education and on-the-job training, along with exogenous aggregate (skill-neutral and skill-biased) shocks...

The Environmental Footprint (EF) methods endorsed by the European Commission offer standardized metrics for assessing the environmental impacts of products and organizations within the EU. This report details the findings from the Agricultural Working Group (AWG), Milestone 4, which focuses on...

Purpose - This study aims to check whether the conclusions of measuring the firm life cycle by a model related to economics and finance (Dickinson model) are consistent with the model related to management (Greiner model). Design/methodology/approach - We applied the technique of individual...

We study the evolution of consumption expenditure and its distribution over the life-cycle. We estimate age and cohort effects relying on household-level consumption survey data, reaching several conclusions. First, we find significant differences in durable and nondurable life-cycle consumption...

This paper considers optimal taxation of housing capital. To this end, we employ a life‐cycle model calibrated to the U.S. economy, where asset holdings and labor productivity vary across households, and tax reforms lead to changes in house and rental prices, interest rates, and wages. We find...

This paper analyzes gender disparities in poverty across the life cycle in Latin America and the Caribbean using harmonized household survey data. Although gender gaps in labor market outcomes are well-documented, gendered poverty disparities have remained understudied. The results reveal a...

The development of tourism areas, conceptualized as cyclical evolutionary change, requires innovative solutions across the full spectrum of tourism offerings. However, earlier concepts developed in the 20th century, overlook many aspects of contemporary relevance - particularly the potential of...

Following the global economy's shift toward a digital-based system, the significance of digital transformation (DT) at the firm level has become increasingly important. Accordingly, this study aims to enhance understanding of a firm's DT by examining the varying impacts ofirm life cycle (FLC)...

Lacking lifetime income data, most intergenerational mobility estimates are subject to lifecycle bias. Using long income series from Sweden and the US, we illustrate that standard correction methods struggle to account for one important property of income processes: children from affluent...

We study how fertility decisions interact with labor supply and human capital accumulation of men and women. First, we use longitudinal Danish register data and tax reforms to show that increases in wages of women decrease fertility while increases in wages of men increase fertility. Second, we...

The 1996 U.S. welfare reform introduced time limits on welfare receipt. We use quasiexperimental evidence and a rich life cycle model to understand the impact of time limits on different margins of behavior and well-being. We stress the impact of marital status and marital transitions on...

This paper studies how unemployment benefits affect aggregate outcomes through general equilibrium effects. First, we document that lower unemployment benefits tend to reduce the real interest rate in a structural vector autoregression with narrative sign restrictions. Young workers experience...

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...

The Environmental Footprint (EF) methods recommended by the European Commission provide standardised metrics for assessing the environmental impacts of products and organisations within the EU. This report presents the findings from the Agricultural Working Group, Milestone 2, focusing on the...

The Environmental Footprint (EF) methods, recommended by the European Commission, provide standardised metrics for evaluating the environmental performance of products and organisations within the EU. This report describes the outcomes from the Agricultural Working Group (AWG), milestone 1...

We examine the long-term health effects of peacetime conscription in the German Democratic Republic using a regression-discontinuity design that exploits the introduction of conscription in 1962 and resulting variation in conscription between birth cohorts. Conscription eligibility increases...

We study how inheritance affects labor supply over the life cycle, and we quantify its aggregate impact. Tracking earnings histories around some 135,000 inheritances and 5,000 lottery wins, we exploit the quasi-random timing and size of these events to identify labor supply responses with high...

This paper replicates and extends the evidence on the lifetime effects of school starting age on earnings by Fredriksson and Öckert (2014) for Sweden. Using German data for individuals born between 1945 and 1965, we examine a more rigid system of ability tracking in secondary education, a...

This guidance document (GD) is part of a set of guidance documents as follows: Guidance document 1: CO2 storage life cycle risk management framework; Guidance document 2: Characterisation of the storage complex, CO2 stream composition, monitoring and corrective measures; Guidance document 3:...

We replicate results of Forsythe (2022) studying the cyclicality of individuals' labor market transitions conditional on their experience. Using Current Population Survey (CPS) data and state-level variations in the unemployment rate, this paper shows that the hiring probability of youths is...