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Full-Text Articles in Social and Behavioral Sciences
Worldwide Population Aging: Endogenous Policy Formation And Capital Market Transmissions In The Presence Of Symmetric Demographic Shocks, Mehmet Serkan Tosun
Worldwide Population Aging: Endogenous Policy Formation And Capital Market Transmissions In The Presence Of Symmetric Demographic Shocks, Mehmet Serkan Tosun
Center for Policy Research
This paper examines the transition effects of population aging in more developed regions that is also expected to occur in developing regions in the near future. We address these effects by exploring the influences of internationally mobile capital and a politically responsive fiscal policy in a two-country overlapping generations model. Our results show that the combination of capital mobility and endogenous fiscal policy play an important role in how economies respond to population aging. Capital mobility has consumption smoothing effects but endogenous fiscal policy is the key factor in creating asymmetries between countries. The interaction of the two may even …
Microdata Panel Data And Public Policy: National And Cross-National Perspectives, Richard V. Burkhauser
Microdata Panel Data And Public Policy: National And Cross-National Perspectives, Richard V. Burkhauser
Center for Policy Research
This paper focuses on the movement of data-based social policy analysis from a single-country cross-section frame to a multi-country panel frame. It provides examples of policy insights this movement to panel data has permitted, both with respect to economic well-being and behavior--using data from the Panel Study of Income Dynamics (PSID), the British Household Panel Study (BHPS), the German Socio-Economic Panel (GSOEP), and the Health and Retirement Study (HRS). It also suggests fruitful areas for future panel data-based policy research.