Macro Implications of Demographic Change
At the macroeconomic level, population aging and demographic change have many implications on capital, labor and consumer goods markets. The Unit focuses on projecting the macro economic implications of demographic change and on research on the relevant micro relations, e.g. how does the productivity of the growing number of older workers develop. A recently added field of research is on the current migration to Western Europe.
To project the economic implications the Unit constructs dynamic macroeconomic models. The work centers on the consequences of demographic change for growth, capital accumulation and returns on investment, international capital movements, consumer demand and productivity as a function of social policies.
Furthermore, to research the relationship of age and productivity, large high-frequency process generated “Big Data” on team composition and output are used to unambiguously identify the factors that affect the slope of the age-productivity profile.
A recently added field of research is on the current migration to Western Europe, e.g. whether these new migrants are a selective group with respect to labor market relevant skills. The main aim is to collect more information on the potentials of this new migration wave, and how to best integrate them, to understand the implications for the social systems, and to incorporate the effects into macro models.
The team also was involved in the design and production of the SAVE (Sparen und AltersVorsorgE) Study – a survey conducted on a representative panel of German households.
- The Baltic Sea States Project
- Aging and Inflation: A joint OLG-New Keynesian model
- Household Finance and Contractual Saving in Germany
- The Lump of Labor Fallacy
- Population Aging and Intergenerational Cohesion
- Myths, Scientific Evidence and Economic Policy in an Aging World
- Pension and Labor Market Reforms, Behavioral Adaptions and Macroeconomic Implications
- Aging in Europe: Reforms, International Diversification, and Behavioral Reactions
- Human Capital or Discrimination? Labor Market Entry Disadvantages of Second-Generation Turkish Migrants in Germany
- Can Statistical Discrimination Explain Inequality?
- Age and Labor Productivity in Services
- Are Age-Diverse Teams Better?
- Age and Labor Productivity in Manufacturing
- Saving and Old-Age Provision in Germany (SAVE)
- Earnings test, (non)-actuarial adjustments and flexible retirement
- Implications of Hyperbolic Discounting on Retirement Decisions
- Vacation, sick leaves and their effect on productivity
The Baltic Sea States Project
New joint project started (MPISOC/MPIDR/Population Europe)
SHARE press release - Mutual Learning: Joint pan-European research improves the understanding of ageing societies
Extension of SHARE study allows for EU-wide country-comparisons
The development of the pension gap and German households’ saving behavior
New MEA Discussion Paper published
Nobel Memorial Prize in Economic Sciences to Angus Deaton
Angus Deaton was honored with the Sveriges Riksbank prize in economic sciences in memory of Alfred...
Educational opportunities are more dependent on social background than ethnicity
Newly published anthology provides an overview of ethnic inequalities in education and training