Organisation of households: Aging and financial cycles

Organisation of households: Aging and financial cycles Phuah Eng Chye (14 April 2018) It is unsurprising that there is a close relationship between aging and long-term financial cycles as a highly developed financial system is a prerequisite to achieving affluence. As economies become affluent and aging more pronounced, economic maturity sets in and sets off … “Organisation of households: Aging and financial cycles”

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Organisation of households: Aging, depopulation and welfare costs

Organisation of households: Aging, depopulation and welfare costs Phuah Eng Chye (7 April 2018) In his report on “Future welfare and the ageing population”, Mårten Blix highlights that while much of the attention is focused on challenges from a rise in the dependency ratio, challenges arising from population movement from rural to urban areas and … “Organisation of households: Aging, depopulation and welfare costs”

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Organisation of households: Aging, secular stagnation and population policies

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”

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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”

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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”

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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”

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