Project in detail

Demographic Change, Human Capital, Pension Reforms and Welfare

Members of this project:



This project spotlights the macroeconomic effects of aging in a model based on endogenous human capital and open economies. The main emphasis is on the correlation between the incentive effects of diverse pension insurance adjustment mechanisms on human capital accumulation, and the resultant adjustment dynamics within a general equilibrium model. The study has been expanded by the important premise that human capital tends to be static, whereas physical capital is internationally mobile. The project seeks to quantify this distinction. It is to be further extended by the subject "health capital" under the EU project "ProLong".

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