Organisation of households: Aging, secular stagnation and population policies Phuah Eng Chye (31 March 2018) The hypothesis that changes in household structures increase labour market frictions[1] and weaken household and business formation[2] is consistent with secular stagnation theories on how aging dampens consumption, employment, productivity and production and exerts long-term downward pressure on economic growth … “Organisation of households: Aging, secular stagnation and population policies”
Month: March 2018
Organisation of households: Household and business formation
Organisation of households: Household and business formation Phuah Eng Chye (24 March 2018) Demographic aging and shrinking households can be regarded as marking the transition to a less physical environment; namely an information society. Physical environments require resources and manpower for war and physical production and growth is sustained by expanding populations. In contrast, an … “Organisation of households: Household and business formation”
Organisation of households: Household formation and the housing market
Organisation of households: Household formation and the housing market Phuah Eng Chye (17 March 2018) Household formation has been the traditional force powering the housing market and economic growth. Derek Thompson observes “more formations is good news. It suggests more people getting jobs, getting apartments, getting married, having kids, and (in all likelihood) spending more … “Organisation of households: Household formation and the housing market”
Organisation of households: Shrinking households, labour market frictions and societal cultures
Organisation of households: Shrinking households, labour market frictions and societal cultures Phuah Eng Chye (10 March 2018) Economies face threats not only from demographic aging and rising dependency but also from the erosion of traditional family structures which are becoming more diverse in terms of relationships, race and beliefs. This is consistent with the transition … “Organisation of households: Shrinking households, labour market frictions and societal cultures”
Organisation of households: Changing household structures and dependency
Organisation of households: Changing household structures and dependency Phuah Eng Chye (3 March 2018) While there is considerable analysis on the direct effects of demographic aging and shrinking populations, less attention is paid to the economic and social effects from changing household structures. In this regard, traditional household organisation consisted mainly of large families with … “Organisation of households: Changing household structures and dependency”