Lee, Ronald (2016b), "Macroeconomics, Aging, and Growth," Chapter 2 - Handbook of the Economics of Population Aging, Volume 1A Pages 59-118 ISSN 2212-0076. [http://dx.doi.org/10.1016/bs.hespa.2016.05.002]Lee, Ronald (2016), "Macroeconomics, Aging and Growth" Chapter 2 in John ...
(Figure 1(a)–(c)). A fact that receives insufficient attention is that any major macroeconomic change takes time, often quite a long time. An often repeated but generally incorrect ‘fact’ is that population aging and health risks (obesity and cancer) are major drivers of aggregate ...
Economists and governments frequently use macroeconomic principles to study the growth of the GDP when they are formulating monetary policies. These sorts of policies are often sort of like budgets for governments and government divisions; they set out rules about how money should be spent, and usua...
Population aging is expected to slow US economic growth. We use variation in the predetermined component of population aging across states to estimate the impact of aging on growth in GDP per capita for 1980–2010. We find that each 10 percent increase in the fraction of the population age 60...
Nicole Maestas, Kathleen J. Mullen and David Powell Population aging is expected to slow US economic growth. We use variation in the predetermined component of population aging across states to estimate the impact of aging on growth in GDP per capita for 1980–2010. We find that each 10 perc...
However, he remains skeptical that Europe can overcome its deep-seated structural challenges, particularly given the growing burden of its aging population and the political difficulties of reforming its welfare state. “I hope we’ll see it. I fear we won’t,” Louis-Vincent says of the ...
B is correct. Physical capital adjustments to downturns come through aging of equipment plus lack of maintenance. 8.The inventory/sales ratio is most likely to be rising: A.as a contraction unfolds. B.partially into a recovery. C.near the top of an economic cycle. ...
Olivier Blanchard and Stanley Fischer, Lectures on Macroeconomics, MIT Press, 1989. Thomas Sargent, Dynamic Macroeconomic Theory, Harvard University Press, 1987. Barro and Sala-i-Martin, Economic Growth,McGraw-Hill, Inc. 2nd Edition, 2003. Roger E. A. Farmer, The Macroeconomics of Self-Fulfilling...
Macroeconomics, Aging and GrowthInevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangemeSocial Science Electronic Publishing
Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangements, and economic incentives. One outcome will be a tendency toward increased capital intensity, higher wages, and lower returns on capital, a ...