Aging and International Capital Flows

Boersch-Supan, Axel; Ludwig, Alexander; Winter, Joachim

doi:10.3386/w8553

Cited by 20 publications

(17 citation statements)

References 30 publications

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“…As a panel survey, SHARE is designed to be similar to the HRS, except that SHARE is administered annually, rather than every 2 years (as for the HRS). More details about the methodology of SHARE are available in the literature 15 and on the SHARE website (www.share-project.org). Almost 19,000 older Americans were surveyed in wave 8 of the 2006 HRS, regarding a wide range of health, socio-economic, and demographic information.…”

Section: Methodsmentioning

confidence: 99%

Disparity in dental coverage among older adult populations: a comparative analysis across selected European countries and the USA

Manski

Moeller

Chen

et al. 2015

International Dental Journal

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Background Insurance against the cost risks associated with prevention and treatment of oral diseases can reduce inequalities in dental care use and oral health. The purpose of this study was to examine the extent of variation in dental insurance coverage for older adult populations within and between the United States and various European countries. Method The analyses relied on 2006/2007 data from the Survey of Health, Ageing, and Retirement in Europe (SHARE) and 2004-2006 data from of the Health and Retirement Study (HRS) in the United States for respondents aged 51 years and older. A series of logistic regression models was estimated to identify disparities in dental coverage. Results The highest extent of significant insurance differences between various population subgroups was found for the United States. In comparison with countries belonging to the Eastern and Southern welfare state regimes, a lower number of significant coverage differences occurred for Scandinavian countries. Countries categorized as having comprehensive public insurance coverage showed a tendency towards less insurance variation within their populations than countries categorized as not having comprehensive public coverage, exceptions being Poland and Switzerland. Conclusions The findings of the present study suggest that significant variations in dental coverage exist within all elderly populations examined and the extent of inequalities also differs between countries. By and large, the observed variations corroborate the perception that population dental coverage is more equally distributed under public subsidy. This could be relevant information for decision makers who seek to improve policies towards more equitable dental coverage.

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Section: Methodsmentioning

confidence: 99%

Disparity in dental coverage among older adult populations: a comparative analysis across selected European countries and the USA

Manski

Moeller

Chen

et al. 2015

International Dental Journal

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“…For instance, Bryant et al (2004) use simulation methods to study the effects of fertility declines in the international economy and find that in their model a decline in fertility leads to a real appreciation; see also Bosworth, Bryant, and Burtless (2004), Bryant (2004, 2006), and Higgins and Williamson (1997). Börsch‐Supan, Ludwig, and Winter (2002) use simulations to study pension reform and international capital flows that stem from population aging in a multi‐country overlapping generations model. Feroli (2003) also uses theory and simulation techniques and finds that demographic differences can explain much of the size and timing of some key current account imbalances; see also Ferrero (2007).…”

Section: Quick Survey Of the Literaturementioning

confidence: 99%

Fertility and the real exchange rate

Rose¹,

Supaat²

2009

Canadian J of Economics

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We use a quinquennial data set covering 87 countries between 1975 and 2005 to investigate empirically the relationship between fertility and the real effective exchange rate. Theoretically a country experiencing a decline in its fertility rate can be expected to experience a real depreciation. We test and confirm this hypothesis, controlling for a number of other potential determinants. We find a statistically significant and robust link between fertility and the exchange rate. Our point-estimate is that a decline in the fertility rate of one child per woman is associated with a depreciation of approximately 15% in the real effective exchange rate.

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“…These shifts in the size and age structure can have significant consequences for the economy as a whole. In particular, the impact on capital markets [e.g., Abel (2001), Boersch-Supan et al (2002), Krueger and Ludwig (2007), Poterba (2001Poterba ( , 2004] and on public pension schemes [e.g. Breyer and Stolte (2001), Casamatta et al (2001), Demange and Laroque (1999), Fehr (2000), Sinn and Uebelmesser (2002)] has been extensively studied.…”

Section: Introductionmentioning

confidence: 99%

Ageing municipalities, gerontocracy and fiscal competition

Montén

Thum

2010

European Journal of Political Economy

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not only depend on the ageing itself but also on crowding effects and on the regional distribution of the elderly population. We show that fiscal competition prevents the exploitation of the young. When the share of the elderly is sufficiently large, the utility of the young is even higher in gerontocracies than in welfare maximizing societies. Due to fiscal competition, the gerontocracies will provide even more of the publicly provided good for the young than the social planner. Terms of use: Documents in EconStor mayJEL Code: H4, H7.

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Aging and International Capital Flows

Cited by 20 publications

References 30 publications

Disparity in dental coverage among older adult populations: a comparative analysis across selected European countries and the USA

Disparity in dental coverage among older adult populations: a comparative analysis across selected European countries and the USA

Fertility and the real exchange rate

Ageing municipalities, gerontocracy and fiscal competition

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