Heinrich Hock,David N Weil
Heinrich Hock
We examine the effects of population aging due to declining fertility and rising elderly life expectancy on consumption possibilities in the presence of intergenerational transfers. Our analysis is based on a highly tractable continuous-tim...
Dietrich Vollrath
Dietrich Vollrath
A salient feature of developing economies is the coexistence of a modern commercial sector alongside a traditional subsistence sector-the dual economy. The apparent differences in productivity between sectors imply substantial losses in agg...
Pinka Chatterji,Sara Markowitz,Jeanne Brooks-Gunn
Pinka Chatterji
This study uses data from the National Institute of Child Health and Human Development Study on Early Child Care to examine the effects of maternal employment on maternal mental and overall health, self-reported parenting stress, and parent...
Klaus Prettner
Klaus Prettner
We investigate the consequences of population aging for long-run economic growth perspectives. Our framework incorporates endogenous growth models and semi-endogenous growth models as special cases. We show that (1) increases in longevity h...
Ryan D Edwards
Ryan D Edwards
A considerable amount of uncertainty surrounds the length of human life. The standard deviation in adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility-theoretic model of prefere...
R A Pecchenino,K R Utendorf
R A Pecchenino
D J Macunovich
D J Macunovich