population ageing

Publication date: 24 May 2016 | Publication type: NIESR Discussion Paper | Theme: Britain & Finance | Authors: Lisenkova, K | External authors: Sanchez-Martinez, M | JEL classification: C68, E17, H53, J11, J21 | NIESR discussion paper number: 460
This paper looks at the possible scenarios of migration policy should the UK leave the EU. The paper uses an OLG model which brings together labour market, fiscal and other macroeconomic effects in one framework. It also adds a dynamic perspective, differentiates between natives and different...
Publication date: 3 Mar 2016 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Lisenkova, K | External authors: Georges, P, Merette, M, Zhang, Q | JEL classification: E17, F17, J11
It is generally accepted that people prefer to receive reward earlier rather than later. A positive rate of time preference is routinely used in economic models of intertemporal choice, for example OLG-CGE models. Calibrating an OLG-CGE model is challenging because age-profile data is usually not...