Replication data for: The Determinants of the Macroeconomic Implications of Aging
Principal Investigator(s): View help for Principal Investigator(s) Louise Sheiner
Version: View help for Version V1
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| P2014_1168_data | 10/11/2019 10:10:PM | ||
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text/plain | 14.6 KB | 10/11/2019 06:10:PM |
Project Citation:
Sheiner, Louise. Replication data for: The Determinants of the Macroeconomic Implications of Aging. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112780V1
Project Description
Summary:
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The aging of the US population undoubtedly will be associated with macroeconomic changes. In particular, some combination of lower consumption growth and increased labor input will ultimately be required. But, the timing of these changes can have important effects on variables like the rate of return to capital and wages. If the adjustment to consumption is slow, which would be the case if budget deficits were allowed to rise significantly as the population ages, then aging is likely to be associated with an increase in the return to capital and a reduction in wages.
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E21 Macroeconomics: Consumption; Saving; Wealth
H55 Social Security and Public Pensions
H62 National Deficit; Surplus
J13 Fertility; Family Planning; Child Care; Children; Youth
J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
J31 Wage Level and Structure; Wage Differentials
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E21 Macroeconomics: Consumption; Saving; Wealth
H55 Social Security and Public Pensions
H62 National Deficit; Surplus
J13 Fertility; Family Planning; Child Care; Children; Youth
J14 Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
J31 Wage Level and Structure; Wage Differentials
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