Additional references: Service and sharing economy, Organisation of households

Additional references: Service and sharing economy, Organisation of households Phuah Eng Chye (30 March 2019) Services economy Manoj Atolia, Prakash Loungani, Milton Marquis, Chris Papageorgiou (28 September 2018) “Rethinking development policy: Deindustrialization, servicification and structural transformation”. IMF. https://www.imf.org/en/Publications/WP/Issues/2018/09/28/Rethinking-Development-Policy-Deindustrialization-Servicification-and-Structural-46253 This paper reviews theories on structural transformation and discusses issues relating to premature deindustrialization and the middle-income … “Additional references: Service and sharing economy, Organisation of households”

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Organisation of households: Aging, savings and financialisation

Organisation of households: Aging, savings and financialisation Phuah Eng Chye (21 April 2018) Policy incoherence tends to increase with the aging of an economy. Specifically, as the number of retirees increase, policy focuses on incentivising savings to ensure individuals can accumulate sufficient savings for their retirement. But at the macro level, the challenge is the … “Organisation of households: Aging, savings and financialisation”

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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 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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