Aging, Fertility and Macroeconomic Dynamics
Abstract:
A tractable model with heterogeneous households is proposed to analyze the two-way interactions between demographic and macroeconomic variables. Total population and labor-market participation are both endogenous and affected by economic as well as demographic factors. We perform a quantitative exercise focusing on trend dynamics based on Japanese data. Our counterfactual analysis revels the role of declining trend of life expectancy, labor-market participation costs, and sunk costs of raising newborns
About Prof. Masashige Hamano:
Prof. Masashige Hamano is a Professor at the School of Political Science, Waseda University in Tokyo. He also serves as a research fellow at the University of Luxembourg. He holds a Master’s in International Economics from the University of Paris 1 and a Ph.D. in Economics from the University of Rennes 1. He works on issues related to international finance, international macroeconomics, and international trade. He also serves as an associate editor at Macroeconomic Dynamics.
Language: English
This is a free seminar. Registration is mandatory.