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Children matter: Global imbalances and the economics of demographic transition

PhD Seminar (Econ)


Tsendsuren Batsuuri


Other, please see description for details


Friday, 15 October, 2021 - 11:00 to 12:00

This paper investigates the effect of child dependency on the economy and external imbalances under an asymmetric demographic transition and productivity shocks. It develops a two-country model with life-cycle features that explicitly models child dependency. Simulations show that child dependency changes both the steady-state and the transition dynamics under a demographic shock.

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