The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply

2019 ◽  
Author(s):  
Hui He ◽  
lei ning ◽  
Dongming Zhu
Keyword(s):  
Labor Supply ◽  
Pension Reform ◽  
The Impact

scholarly journals The Impact of Rapid Aging and Pension Reform on Savings and the Labor Supply

2019 ◽  
Vol 19 (61) ◽  
pp. 1 ◽  
Author(s):  
Hui He ◽  
Lei Ning ◽  
Dongming Zhu
Keyword(s):  
Labor Supply ◽  
Pension Reform ◽  
The Impact

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

STUDY OF THE IMPACT OF RAISING THE RETIREMENT AGE ON ECONOMIC GROWTH IN THE DIGITAL ECONOMY IN RUSSIA AND EUROPE

2020 ◽  
Author(s):  
Svetlana Apenko ◽  
◽  
Olga Kiriliuk ◽  
Elena Legchilina ◽  
Tatiana Tsalko ◽  
...  
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Economic Policy ◽  
Labor Relations ◽  
Pension Reform ◽  
Digital Economy ◽  
Institutional Changes ◽  
Retirement Age ◽  
The Impact

The article presents the results of a study of the impact of pension reform in Russia on economic growth and quality of life in a digital economy, taking into account the experience of raising the retirement age in Europe. The aim of the study was to identify and analyze the impact of raising the retirement age on economic growth in the context of the development of digitalization in Russia and a comparative analysis with European countries. Results: the studies conducted allowed us to develop a system of indicators characterizing the impact of raising the retirement age on economic growth and the quality of life of the population in the context of digitalization. The authors found that raising the retirement age leads to a change in labor relations in Russia and Europe. The application of the proposed indicators can be used in the formation of a balanced state socio-economic policy in the field of institutional changes in the field of labor relations and raising the retirement age. The study was carried out under a grant from the RFBR № 19-010-00362 А.

Pension Reform in Russia: Assessing the Susceptibility of GDP Production to a Shift in the Number of the Working-Age Population

2019 ◽  
pp. 80-86
Author(s):  
T. P. Skufina ◽  
S. V. Baranov
Keyword(s):  
Pension Reform ◽  
Fixed Capital ◽  
Economic Effects ◽  
Pension Scheme ◽  
Retirement Age ◽  
Working Age ◽  
Working Age Population ◽  
Long Term Forecasting ◽  
The Impact

The presented study considers the susceptibility of gross domestic product (GDP) production to a shift in the number of the working-age population due to an increase in retirement age starting with 2019.Aim. The study aims to examine the quantitative assessments of GDP production in Russia with allowance for the changes in the number of the working-age population due to an increase in the actual retirement age.Tasks. The authors forecast the number of the working-age population with allowance for an increase in the retirement age; develop a model to establish a correlation between the number of the workingage population, investment in fixed capital, and GDP production; quantify the impact of the shift in the number of the working-age population on GDP production in Russia. Methods. This study is based on the results of modeling and long-term forecasting.Results. An economic-mathematical model to establish a correlation between the number of the working-age population, investment in fixed capital, and GDP production is presented. To specify the economic effects of a shift in the number of the working-age population due to an increase in the retirement age, Russia’s GDP production is forecasted for the “old” and “new” (increased retirement age) pension scheme. The forecast is provided for three variants of the number of the working-age population.Conclusions. It is found that with the “old” pension scheme with a lower retirement age GDP production across all three variants will decrease by 2036 compared to 2017. With regard to the “new” scheme that increases the retirement age, it is concluded that an increase in the retirement age is a factor that facilitates GDP production. However, its effect on economic growth will be insignificant.

scholarly journals The impact of gender role norms on mothers’ labor supply

2021 ◽  
Vol 186 ◽  
pp. 113-134
Author(s):  
Danilo Cavapozzi ◽  
Marco Francesconi ◽  
Cheti Nicoletti
Keyword(s):  
Gender Role ◽  
Labor Supply ◽  
The Impact ◽  
Role Norms ◽  
Gender Role Norms

The Impact of World War II on the Demand for Female Workers in Manufacturing

2018 ◽  
Vol 78 (2) ◽  
pp. 539-574
Author(s):  
Dina Shatnawi ◽  
Price Fishback
Keyword(s):  
World War Ii ◽  
Labor Supply ◽  
Supply And Demand ◽  
Growth Path ◽  
World War ◽  
Female Workers ◽  
Post War ◽  
The Impact ◽  
Boom Period

Most studies of female workers in the 1940s focus on labor supply. We use the basics of supply and demand to measure the impact of WWII on the short- and medium-run demand for female workers in manufacturing. Demand rose for both salaried and production female workers during the war and then fell after the war. However, the post-war demands for both groups were substantially higher than before the war and higher than the levels that would have been reached had the demands followed a counterfactual growth path from the boom period in the 1920s.

Work Relief and the Labor Force Participation of Married Women in 1940

1994 ◽  
Vol 54 (1) ◽  
pp. 64-84 ◽  
Author(s):  
T. Aldrich Finegan ◽  
Robert A. Margo
Keyword(s):  
Economic Analysis ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Force Participation ◽  
New Deal ◽  
Married Women ◽  
Added Worker Effect ◽  
The Great Depression ◽  
The Impact ◽  
Work Relief

Economic analysis of the labor supply of married women has long emphasized the impact of the unemployment of husbands—the added worker effect. This article re-examines the magnitude of the added worker effect in the waning years of the Great Depression. Previous studies of the labor supply of married women during this period failed to take account of various institutional features of New Deal work relief programs, which reduced the size of the added worker effect.

scholarly journals The Effects of Pension Information on Individuals’ Economic Outcomes: A Survey

Economies ◽  
2020 ◽  
Vol 8 (3) ◽  
pp. 67
Author(s):  
Stefania Basiglio ◽  
Noemi Oggero
Keyword(s):  
Labor Supply ◽  
Gender Gap ◽  
Information Provision ◽  
Retirement Planning ◽  
Economic Outcomes ◽  
Sufficient Information ◽  
The Impact ◽  
Lack Of Knowledge

This paper provides an overview of a wide array of research investigating the effects of pension information on different individuals’ economic outcomes. While many studies show that information provision increases knowledge, the evidence is mixed regarding its effects on behavior. Nevertheless, we draw some conclusions about the impact of pension information on three major economic outcomes, namely, retirement planning, choices pertaining individuals’ labor supply, and savings decisions. We also highlight that the lack of knowledge prevalently hits the most vulnerable individuals in the society, such as women. As a consequence, not providing sufficient information could contribute to widening the gender gap in pensions.

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