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Inherited wealth and demographic aging (English)

The role of inherited wealth in modern economies has increasingly come under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. ... See More +

WPS7739 JUN 30, 2016

Onder,Harun; Pestieau,Pierre Disclosed

Aging, social security design, and capital accumulation (English)

This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with endogenous retirement decisions, the paper shows that the type of aging and the type of unfunded social security system are important in understanding this impact. ... See More +

Policy Research Working Paper WPS7418 SEP 22, 2015

Dedry,Antoine; Onder,Harun; Pestieau,Pierre Disclosed

Is aging bad for the economy? Maybe (English)

The world's aging population is expected to shape the future of economies across the globe. Without behavioral adaptation by current and future generations, this demographic transformation is likely to slow down economic growth. ... See More +

Brief 88221 MAY 01, 2014

Onder,Harun; Pestieau,Pierre Disclosed

Macroeconomic and fiscal implications of population aging in Bulgaria (English)

Bulgaria is in the midst of a serious demographic transition that will shrink its population at one of the highest rates in the world within the next few decades. ... See More +

Policy Research Working Paper WPS6774 FEB 01, 2014

Onder, Harun; Pestieau, Pierre; Ley, Eduardo Disclosed

Universal minimum old age pensions : impact on poverty and fiscal cost in 18 Latin American countries (English)

Alleviating poverty for the elderly requires a different approach from other age groups, and a minimum pension is likely to be the only viable option. ... See More +

Policy Research Working Paper WPS5292 MAY 01, 2010

Dethier, Jean-Jacques; Pestieau, Pierre; Ali, Rabia Disclosed

Is migration a good substitute for education subsidies ? (English)

Assuming a given educational policy, the recent brain drain literature reveals that skilled migration can boost the average level of schooling in developing countries. ... See More +

Policy Research Working Paper WPS4614 MAY 01, 2008

Docquier, Frederic; Faye, Ousmane; Pestieau, Pierre Disclosed