Demographic shifts that are bringing about what observers call the…

andreana68 Demographic shifts that are bringing about what observers call the…Demographic shifts that are bringing about what observers call the “silver tsunami.” Please reflect on the silver tsunami and corporations by comparing two locations with which you are familiar. Examples: your birth country (Cambodia) and the United States; urban and rural (or suburban) in the United States; different US regions (East Coast, South, West Coast, Midwest, etc.). If you have difficulties choosing, compare Mexico and the United States. You may need to do some research to learn about the demographic differences or similarities between places (examples of relevant topics are population size, growth, aging, and migration). You can use ChatGPT as a tool, but you must identify the parts of the reflection taken from it. Also, know that you cannot trust what it produces as, at this time, it is notorious for giving wrong facts. The response could be short but should not be over two hundred fifty words with Rogerian style and linked the topic materials below.Read the Book summary of “Goodhart, C., & Pradhan, M. (2020). The great demographic reversal: Ageing societies, waning inequality, and an inflation revival. Springer Nature”Image transcription textThe great demographic reversal and what it means for theeconomy USEblogs.Ise.ac.uk/businessreview/2020/09/18/the-grea… Show more… Show moreImage transcription textproductivity. With the former declining, unless offset by a majorrise in the participation rates of the elderly, growth has to bebased on higher productivity per worker. While there … Show more… Show moreImage transcription textInequality and the rise of populism After two centuries of growingglobal inequality, faster growth in Asia compared to the West hasseen this trend start to recede. Inequality within count… Show more… Show moreImage transcription textFrom 1750 until 1950 inflationary expectations, and nominal andreal interest rates, remained roughly constant, in the UK at least,while inflation was a function of occasional wars and t… Show more… Show moreRead the 2017 paper that preceded the book (read up to PAGE 21).Image transcription textBANK FOR INTERNATIONAL SETTLEMENTS BIS WorkingPapers No 656 Demographics will reverse three multi-decadeglobal trends by Charles Goodhart and Manoj Pradha… Show more… Show moreImage transcription textBIS Working Papers are written by members of the Monetary andEconomic Department of the Bank for International Settlements,and from time to time by other economists, and are pu… Show more… Show moreImage transcription textForeword The 15th BIS Annual Conference took place in Lucerne,Switzerland, on 24 June 2016. The event brought together adistinguished group of central bank Governors, leadin… Show more… Show moreImage transcription textDemographics will reverse three multi—decade global trendsCharles Goodhart” Manoj Pradhanl Abstract Between the19805 and the 20005, the largest ever positive labour … Show more… Show moreImage transcription textIntroduction The global economy over the last 35 years hasexperienced three signi?cant trends; a decline in real interestrates (supporting asset prices), a drop in real labour ea… Show more… Show moreImage transcription textpopulation growth in 2040 will, however, be higher either than inAEs or our categorisation of the EMEs, because there is yetanother category of countries — de?ned as the least d… Show more… Show moreImage transcription textFertility rates falling worldwide Births per woman Graph 2 6.0 5.040 3.0 20 1.0 0 – World – – AEs – . – EMEs 1 AEs includehigh-income countries (both member countries of the … Show more… Show moreImage transcription textmade sweeter by China The sweet spot was made much sweeterby China and eastern Europe beginning in 1990. We begin withChina. Most studies on interest rates and wage dynam… Show more… Show moreImage transcription textfalling real interest rates, inflation and real earnings, todemographic dynamics in the global economy. In equilibrium, thewage rate should equal the marginal productivity of la… Show more… Show moreImage transcription textWorking age population rose in AEs and sharply in EMEs, butshould now begin falling Working age population / totalpopulation Graph 5 0.7 0.7 – ” — – . ‘ 0.7 ‘I’ ‘ .,:.’__’. 0.6 … Show more… Show moreImage transcription textthen delve into some of the dynamics that will drive savings lowerbut keep investment from falling by as much or more. 2.1 Whatdetermines the equilibrium real interest rate? The role… Show more… Show moreImage transcription textCyclically too, much of the perceived link between growth andinterest rates, we suspect, comes from observing a decline in bothgrowth and interest rates during economic slowdowns… Show more… Show moreImage transcription textAlmost inevitably, health expenditures will rise further (Graph 7),while the retirement age simply hasn’t kept up with longevity.Both health expenditures and expenditures on public … Show more… Show moreImage transcription textConsumption rises over the life cycle1 Annual per capitanormalised flows of incomes, in dashed lines, and consumption,continuous lines. Graph 6 1.20 1.00 0.80 0.60 0,40 O … Show more… Show moreImage transcription textPublic expenditures on pensions will continue to rise Publicexpenditure on pensions as a percentage of GDP Graph 8 18.0OECD 16.0 Germany 14.0 Japan 12.0 Korea 10.0 UK … Show more… Show moreImage transcription textDependency ratio rising in key AEs Graph 10 0.90 0.85 0.80 0.750.70 0.65 0.60 0.55 0.50 0.45 0.40 MIT 1950 1960 1970 19801990 2000 2010 2020 2030 2040 – US —- UK – Japan … Show more… Show moreImage transcription textthe demand for housing will decline sharply. However, that doesnot take into account the elderly’s preferences. As nationsbecome richer, the old stay in their existing homes rat… Show more… Show moreImage transcription textout of Russia’s knowledge—intensive manufacturing sector withinan oil—dependent economy showcases this transformation all toowell. When it comes to technology, we take an agnosti… Show more… Show moreImage transcription textOlder people less likely to move in the United States Percentageof total sample that moved Graph 12 6% 5% 4% 3% 2% 1% 0%18-24 25-54 55-65 Source: Hernandez-Murillo et al (2… Show more… Show moreImage transcription textCorporate profits at very high levels As a percentage of GDPGraph 14 15% —US — 0.15% —Japan 13% China (rhs) K?! 013%10% ll – 0.10% 8% 0.08% 5% 0.05% 3% 0.03% 0% 0.00… Show more… Show moreImage transcription texta both the proportion of young and old are inflationary for theeconomy — this can be seen clearly by the (by the coefficients forinflation of [31 and [33); and 0 both the investment rat… Show more… Show moreImage transcription textconsumption by itself creates an inflationary impulse for a givenbasket of goods and services. The act of production has the abilityto expand the stock of goods and services for a given l… Show more… Show moreImage transcription textTotal dependency ratio in China and eastern Europe was fallingsharply, and is now turning up Dependencyra?os Graph 15 0.60 —0.50 — 0.40 7 0.30 – 0.20 — —China 010 _ eastern Eur… Show more… Show moreImage transcription text3.3 Implication #3: the political economy of demographics — aclash of ages The prime working age population and the aged arelikely to find themselves in a political battle. The elderl… Show more… Show moreWatch first 18 minutes of The Great Demographic Reversal l PIDE Webinar https://www.youtube.com/watch?v=JU_tXxYh2BMWatch the following 3 videos:Why US economists are obsessed with ‘Japanification’ | FT https://www.youtube.com/watch?v=zZMY1e7j134.Mapping global population and the future of the world | The Economist https://www.youtube.com/watch?v=Ur77lDetI9QIs The U.S. Running Out of People? https://www.youtube.com/watch?v=Hc00FCtwHZc  BusinessBusiness – Other