Matches in SemOpenAlex for { <https://semopenalex.org/work/W2063517091> ?p ?o ?g. }
- W2063517091 endingPage "87" @default.
- W2063517091 startingPage "49" @default.
- W2063517091 abstract "This paper employs a multi-country large-scale Overlapping Generations model with uninsurable labor productivity and mortality risk to quantify the impact of the demographic transition towards an older population in industrialized countries on world-wide rates of return, international capital flows and the distribution of wealth and welfare in the OECD. We find that for the U.S. as an open economy, rates of return are predicted to decline by 86 basis points between 2005 and 2080 and wages increase by about 4.1%. If the U.S. were a closed economy, rates of return would decline and wages increase by less. This is due to the fact that other regions in the OECD will age even more rapidly; therefore the U.S. is “importing” the more severe demographic transition from the rest of the OECD in the form of larger factor price changes. In terms of welfare, our model suggests that young agents with little assets and currently low labor productivity gain, up to 1% in consumption, from higher wages associated with population aging. Older, asset-rich households tend to lose, because of the predicted decline in real returns to capital." @default.
- W2063517091 created "2016-06-24" @default.
- W2063517091 creator A5026600751 @default.
- W2063517091 creator A5049262173 @default.
- W2063517091 date "2007-01-01" @default.
- W2063517091 modified "2023-09-30" @default.
- W2063517091 title "On the consequences of demographic change for rates of returns to capital, and the distribution of wealth and welfare" @default.
- W2063517091 cites W1494010838 @default.
- W2063517091 cites W1987347045 @default.
- W2063517091 cites W2013534161 @default.
- W2063517091 cites W2040785381 @default.
- W2063517091 cites W2043472537 @default.
- W2063517091 cites W2068560784 @default.
- W2063517091 cites W2071538629 @default.
- W2063517091 cites W2082560761 @default.
- W2063517091 cites W2085729359 @default.
- W2063517091 cites W2100350287 @default.
- W2063517091 cites W2101650573 @default.
- W2063517091 cites W2118828375 @default.
- W2063517091 cites W3122442329 @default.
- W2063517091 cites W3124038390 @default.
- W2063517091 cites W3124998746 @default.
- W2063517091 cites W3125318752 @default.
- W2063517091 cites W3125571399 @default.
- W2063517091 cites W4229916797 @default.
- W2063517091 doi "https://doi.org/10.1016/j.jmoneco.2006.12.016" @default.
- W2063517091 hasPublicationYear "2007" @default.
- W2063517091 type Work @default.
- W2063517091 sameAs 2063517091 @default.
- W2063517091 citedByCount "215" @default.
- W2063517091 countsByYear W20635170912012 @default.
- W2063517091 countsByYear W20635170912013 @default.
- W2063517091 countsByYear W20635170912014 @default.
- W2063517091 countsByYear W20635170912015 @default.
- W2063517091 countsByYear W20635170912016 @default.
- W2063517091 countsByYear W20635170912017 @default.
- W2063517091 countsByYear W20635170912018 @default.
- W2063517091 countsByYear W20635170912019 @default.
- W2063517091 countsByYear W20635170912020 @default.
- W2063517091 countsByYear W20635170912021 @default.
- W2063517091 countsByYear W20635170912022 @default.
- W2063517091 countsByYear W20635170912023 @default.
- W2063517091 crossrefType "journal-article" @default.
- W2063517091 hasAuthorship W2063517091A5026600751 @default.
- W2063517091 hasAuthorship W2063517091A5049262173 @default.
- W2063517091 hasBestOaLocation W20635170912 @default.
- W2063517091 hasConcept C100243477 @default.
- W2063517091 hasConcept C10138342 @default.
- W2063517091 hasConcept C110121322 @default.
- W2063517091 hasConcept C134306372 @default.
- W2063517091 hasConcept C139719470 @default.
- W2063517091 hasConcept C143845886 @default.
- W2063517091 hasConcept C144024400 @default.
- W2063517091 hasConcept C145236788 @default.
- W2063517091 hasConcept C149923435 @default.
- W2063517091 hasConcept C162324750 @default.
- W2063517091 hasConcept C166957645 @default.
- W2063517091 hasConcept C204983608 @default.
- W2063517091 hasConcept C205649164 @default.
- W2063517091 hasConcept C2908647359 @default.
- W2063517091 hasConcept C30772137 @default.
- W2063517091 hasConcept C33923547 @default.
- W2063517091 hasConcept C34447519 @default.
- W2063517091 hasConcept C36289849 @default.
- W2063517091 hasConcept C38652104 @default.
- W2063517091 hasConcept C41008148 @default.
- W2063517091 hasConcept C4249254 @default.
- W2063517091 hasConcept C518429986 @default.
- W2063517091 hasConcept C7386506 @default.
- W2063517091 hasConcept C76178495 @default.
- W2063517091 hasConcept C83646750 @default.
- W2063517091 hasConcept C86637286 @default.
- W2063517091 hasConceptScore W2063517091C100243477 @default.
- W2063517091 hasConceptScore W2063517091C10138342 @default.
- W2063517091 hasConceptScore W2063517091C110121322 @default.
- W2063517091 hasConceptScore W2063517091C134306372 @default.
- W2063517091 hasConceptScore W2063517091C139719470 @default.
- W2063517091 hasConceptScore W2063517091C143845886 @default.
- W2063517091 hasConceptScore W2063517091C144024400 @default.
- W2063517091 hasConceptScore W2063517091C145236788 @default.
- W2063517091 hasConceptScore W2063517091C149923435 @default.
- W2063517091 hasConceptScore W2063517091C162324750 @default.
- W2063517091 hasConceptScore W2063517091C166957645 @default.
- W2063517091 hasConceptScore W2063517091C204983608 @default.
- W2063517091 hasConceptScore W2063517091C205649164 @default.
- W2063517091 hasConceptScore W2063517091C2908647359 @default.
- W2063517091 hasConceptScore W2063517091C30772137 @default.
- W2063517091 hasConceptScore W2063517091C33923547 @default.
- W2063517091 hasConceptScore W2063517091C34447519 @default.
- W2063517091 hasConceptScore W2063517091C36289849 @default.
- W2063517091 hasConceptScore W2063517091C38652104 @default.
- W2063517091 hasConceptScore W2063517091C41008148 @default.
- W2063517091 hasConceptScore W2063517091C4249254 @default.
- W2063517091 hasConceptScore W2063517091C518429986 @default.
- W2063517091 hasConceptScore W2063517091C7386506 @default.
- W2063517091 hasConceptScore W2063517091C76178495 @default.
- W2063517091 hasConceptScore W2063517091C83646750 @default.
- W2063517091 hasConceptScore W2063517091C86637286 @default.