Monograph developing a labour supply econometric model in conjunction with a multicapability economic theory of personal income distribution - sets forth labour demand, labour supply and labour market equilibrium assumptions, considers the income density function and assessment of the effects of varying income tax rate, and tests the model with 1950, 1960 and 1970 USA census data. Bibliography pp. 203 to 208.
A historically unique experiment is about to enter its second decade - German unification. Early hopes for a rapid and smooth economic transformation soon turned out to be overly optimistic. Despite massive financial transfers, the political promise of a "blooming landscape" remains a vision. Actual developments have left deep scars on the labor market, and the effects will be felt for decades to come. Was this outcome to be expected, perhaps even inevitable? What went wrong, and what were the available options? Or is the current state of Eastern German labor market in fact better than is commonly assumed?
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
This unusual volume marks the sixtieth anniversary of the National Bureau of Economic Research. In contrast to the technical and specialized character of most NBER studies, the current book is designed to provide the general reader with a broad and critical overview of the American economy. The result is a volume of essays that range from monetary policy to productivity development, from population change to international trade.
Population aging is a global phenomenon that influences not only the industrialized countries of Asia and the West, but also many middle- and low- income countries that have experienced rapid fertility decline and achieved long life expectancies. This book explores how workers and consumers are responding to population aging and examines how economic growth, generational equity, trade and international capital flows are influenced by population aging. The contributors draw on the experience of the developing and industrialized worlds and on countries in Asia, North America, and Europe. They offer new evidence about micro-level responses of labor force participation, earnings, and savings to actual and/or perceived demographic change. Their broad perspective on population aging spans the entire demographic transition and demonstrates the importance of effective policy response in the early stages of population aging. Also included are policy analyses that explore the use of tax policy, financial reform, and policies targeting immigration and procreation. This insightful study will prove invaluable to students and scholars of population economics, public sector economics, welfare economics, social economics, and public finance. Pension analysts and government policymakers will find the material of great practical use.
This is the first in a series of eighteen projected volumes, to be published over the next two years, aimed at converting the vast statistical yield of the 1980 Census into authoritative analyses of major changes and trends in American life. A collaborative research effort, funded by public and private foundations, this series revives a tradition of independent Census analysis (the last such project was undertaken in 1960) and offers an unparalleled array of studies on various ethnic, geographic, and status dimensions of the U.S. population. It is entirely appropriate that the inaugural volume in this series should document trends in the status of American women. Dramatic social and demographic changes over the past two decades make American Women in Transition a landmark, an invaluable one-volume summary and assessment of women's move from the private domain to the public. Clearly and in detail, the authors describe women's increasing educational attainment and labor force participation, their lagging earning power, their continued commitment to marriage and family, and the "balancing act" necessitated by this overlap of roles. Supplementing 1980 Census data with even more recent surveys from the Census Bureau and other federal agencies, Bianchi and Spain are able to extend these trends into the 1980s and sketch the complex challenges posed by such lasting and historic changes. This definitive and sensitive study is certain to become a standard reference work on American women today, and an essential foundation for future scholarship and policy concerning the status of women in our society. A Volume in the Russell Sage Foundation Census Series
This book explores the unresolved paradox at the heart of population aging, namely how to account for the fact that death rates from most non-communicable diseases rise as people age, yet aggregate death rates from such diseases have decreased overall despite an increasingly aging population. It provides a long-term historical perspective on this issue, presenting evidence that the underpinnings of modern aging extend as far back as the nineteenth century, and that aging has boosted per capita healthcare spending. The book first outlines the three eras of the Epidemiologic Transition, taking readers from its first stage where the threat of infectious diseases loom large, through the transitional stage, and on to the modern era, where non-communicable diseases are the primary cause of death. Next, the book examines the age-profiles of people whose childhoods coincide with the different stages of the Epidemiologic Transition. Using data from England and Wales, one of the few places that have recorded the data necessary for such an exploration, the book resolves the aging paradox by studying hidden generational change. It traverses historical time and identifies the distinct socio-economic and epidemiologic childhood conditions that may appear in it. It then compares, for instance, aging of children brought up in an earlier epidemiologic stage with aging of ones raised in a modern one. In the process, it explores the influence of childhood development on aging. Overall, the book has a quantitative bent, engaging the reader with analytical issues that will help develop a deeper understanding of modern aging.