Publisher Summary This chapter explores the ways in which changing the age structure of
the population in the macroeconomic models affects variables, such as consumption …

This book draws on a wealth of evidence including young people's own stories, to document
how they are now faring in increasingly unequal societies like America, Britain, Australia …

Publisher Summary This chapter discusses the possibility of long-run economic-
demographic equilibrium, examines empirical evidence bearing on the key relationships …

AN AMERICAN woman reaching childbearing age in 1960 would expect 3.6 children; an
identical woman in 1990 would expect only 1.9 children. That dramatic demographic change …

THIS IS AN ESSAY about incentive struc-tures and information. Their joint effect is to give
the welfare state an efficiency function which is largely separate from redistributive aims. The …

This paper discusses the building blocks of pension reform in the light of economic theory,
and their application to different types of economy. The opening section sets out the simple …

Using a calibrated general equilibrium overlapping generations model, which explicity
accounts for differences between immigrants and natives, this paper investigates whether a …

This paper uses a new, large-scale, dynamic life-cycle simulation model to compare the
welfare and macroeconomic effects of transitions to five fundamental alternatives to the US …

Population ageing and pension reform will have profound effects on international capital
markets. In order to quantify these effects, we develop a computational general equilibrium …

It is well known that over the next several decades, there will be significant changes in the
age structure of OECD populations. According to recent demographic projections by the …