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Economic surveys. --- academic predecessors. --- demographic trends. --- economic integration. --- monetary theory. --- price index. --- public debt.
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Against the background of political turmoil in the Middle-East, Europe faces an unprecedented surge in asylum applications. In analyzing the economic impact of this inflow, this paper draws from the experience of previous economic migrants and refugees, mindful of the fact that the characteristics of economic migrants can be different from refugees. In the short-run, additional public expenditure will provide a small positive impact on GDP, concentrated in the main destination countries of Germany, Sweden and Austria. Over the longer-term, depending on the speed and success of the integration of refugees in the labor market, the increase in the labor force can have a more lasting impact on growth and the public finances. Here good policies will make an important difference. These include lowering barriers to labor markets for refugees, for example through wage subsidies to employers, and, in particular, reducing legal barriers to labor market participation during asylum process, removing obstacles to entrepreneurship/self-employment, providing job training and job search assistance, as well as language skills. While native workers often have legitimate concerns about the impact of immigrants on wages and employment, past experience indicates that any adverse effects are limited and temporary.
Labor --- Macroeconomics --- Demography --- Emigration and Immigration --- International Migration --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Human Capital --- Skills --- Occupational Choice --- Labor Productivity --- Demand and Supply of Labor: General --- Education: General --- Demographic Economics: General --- Labor Economics: General --- Migration, immigration & emigration --- Labour --- income economics --- Education --- Population & demography --- Migration --- Labor markets --- Population and demographics --- Emigration and immigration --- Labor market --- Population --- Labor economics --- Germany
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Is Japan’s aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the working age population has had a significant negative impact on total factor productivity. Moreover, prefectures that aged at a faster pace experienced lower overall inflation, while prefectures with higher population growth experienced higher inflation. The results give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and deflationary pressures.
Demography --- Industrial productivity --- Historical demography --- Social sciences --- Population --- Vital statistics --- Inflation --- Labor --- Production and Operations Management --- Price Level --- Deflation --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Labor Standards: Labor Force Composition --- Population & demography --- Macroeconomics --- Population & migration geography --- Labour --- income economics --- Aging --- Total factor productivity --- Population growth --- Labor force participation --- Population and demographics --- Prices --- Population aging --- Labor market --- Japan
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Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pensionrelated spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings—Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.
Pensions --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Econometric models. --- Lebanon --- Liban --- République libanaise --- Libanon --- Lubnān --- Libanan --- Livan --- Mont-Liban (Turkey : Mutaṣarrifīyah) --- Jabal Lubnān (Turkey : Mutaṣarrifīyah) --- Levanon --- Líbano --- Livanos --- Grand Lebanon --- Grand Liban --- Lebanese Republic --- Jumhūrīyah al Lubnānīyah --- Jumhouriya al-Lubnaniya --- Republic of Lebanon --- لبنان --- جمهورية اللبنانية --- Ліван --- Ліванская Рэспубліка --- Livanskai︠a︡ Rėspublika --- Ливан --- Република Ливан --- Republika Livan --- Λίβανος --- Δημοκρατία του Λιβάνου --- Dēmokratia tou Livanou --- Jumhūrīyyah al-Lubnānīyyah --- 레바논 --- לבנון --- רפובליקה הלבנונית --- Republiḳah ha-Levanonit --- Либан --- Либанска Република --- Libanska Republika --- レバノン --- Rebanon --- レバノン共和国 --- Rebanon Kyōwakoku --- Ливанская Республика --- Республіка Ліван --- Respublika Livan --- Ліванська Республика --- Livansʹka Respublyka --- Levonen --- 黎巴嫩 --- Libanen --- Economic policy. --- Labor --- Public Finance --- Demography --- Fiscal Policy --- Social Security and Public Pensions --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Nonwage Labor Costs and Benefits --- Private Pensions --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Retirement --- Retirement Policies --- National Government Expenditures and Related Policies: General --- Population & demography --- Labour --- income economics --- Public finance & taxation --- Pension spending --- Aging --- Expenditure --- Population and demographics --- Population aging --- Expenditures, Public
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