All major industrial countries will experience significant population aging over the next several decades. In both academic circles and the business press it is widely believed that population aging will have important effects on financial markets because of its expected impact on saving rates and the demand for investment funds. This paper reviews the literature on the macroeconomic and asset market effects of population aging, focusing on four related issues: a The impact of population age structure on aggregate household saving; b The effect of population aging on investment demand; c Evidence on the influence of population age structure on financial market asset prices and returns; and d Effects of globalization on our interpretation of the impact of demographic change. The magnitude of implied effects across the two kinds of study are not consistent, however. Compared with macroeconomic analyses, microeconomic studies tend to show smaller variation in saving rates over the life cycle. Another measurement issue arises because of the highly skewed distribution of wealth and saving across households.
Economic Impact by State
While some policymakers have blamed immigration for slowing U. The available evidence suggests that immigration leads to more innovation, a better educated workforce, greater occupational specialization, better matching of skills with jobs, and higher overall economic productivity. Immigration also has a net positive effect on combined federal, state, and local budgets. But not all taxpayers benefit equally. Today, the United States is home to the largest immigrant population in the world.
The first efforts to make money off of this new endeavor could not have come long after that. With the publication of Playboy and Hustler in the midth-century, porn started going corporate, and the industry has since bloomed into an enterprise so vast that people have a hard time estimating its size. Like any other industry, porn has its shady qualities—labor abuses, content piracy, and a blemished supply chain, to name a few. But unlike nearly any other industry, these unseemly features are allowed to thrive, mostly unchecked, behind the curtain of social taboo. I spoke with her about what she found in her research, and the interview that follows has been edited and condensed for the sake of clarity. Joe Pinsker: You mention in the book that some people have estimated that the porn industry brings in more money than Amazon, Microsoft, Google, Apple, and Yahoo, combined. But then you note that that's totally wrong.
For decades, the retirement of the baby boom generation has been a looming economic threat. Every month, more than a quarter-million Americans turn The recession may have delayed the inevitable for a time. The financial crisis wiped away billions in retirement savings, forcing many Americans to work longer than planned. But the stock market has since rebounded, and there are signs that more Americans are at last feeling confident enough to leave the workforce. Roughly 17 percent of baby boomers now report that they are retired, up from 10 percent in