316
Views
1
CrossRef citations to date
0
Altmetric
Articles

Ageing in the labour market: a spatial VAR approach

ORCID Icon, ORCID Icon & ORCID Icon
Pages 538-556 | Received 26 May 2021, Published online: 19 Feb 2022

REFERENCES

  • Acemoglu, D. (2009). Introduction to modern economic growth. Princeton University Press.
  • Anderson, T. W., & Hsiao, C. (1981). Estimation of dynamic models with error components. Journal of the American Statistical Association, 76(375), 598–606. https://doi.org/10.1080/01621459.1981.10477691
  • Anderson, T. W., & Hsiao, C. (1982). Formulation and estimation of dynamic models using panel data. Journal of Econometrics, 18(1), 47–82. https://doi.org/10.1016/0304-4076(82)90095-1
  • Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297. https://doi.org/10.2307/2297968
  • Baltagi, B. H., Fingleton, B., & Pirotte, A. (2014). Estimating and forecasting with a dynamic spatial panel data model. Oxford Bulletin of Economics and Statistics, 76(1), 112–138. https://doi.org/10.1111/obes.12011
  • Baltagi, B. H., Fingleton, B., & Pirotte, A. (2019). A time–space dynamic panel data model with spatial moving average errors. Regional Science and Urban Economics, 76, 13–31. https://doi.org/10.1016/j.regsciurbeco.2018.04.013
  • Bazzana, D. (2020). Ageing population and pension system sustainability: Reforms and redistributive implications. Economia Politica: Journal of Analytical and Institutional Economics, 37(3), 971–992.
  • Beenstock, M., & Felsenstein, D. (2007). Spatial vector autoregressions. Spatial Economic Analysis, 2(2), 167–196. https://doi.org/10.1080/17421770701346689
  • Beetsma, R. M., Romp, W. E., & Vos, S. J. (2013). Intergenerational risk sharing, pensions, and endogenous labour supply in general equilibrium. The Scandinavian Journal of Economics, 115(1), 141–154. https://doi.org/10.1111/j.1467-9442.2012.01732.x
  • Blanchard, O. J. (1985). Debt, deficits, and finite horizons. Journal of Political Economy, 93(2), 223–247. https://doi.org/10.1086/261297
  • Burniaux, J. M., Duval, R., & Jaumotte, F. (2004). Coping with ageing: A dynamic approach to quantify the impact of alternative policy options on future labour supply in OECD countries.
  • Capasso, S., D’Uva, M., Fiorelli, C., & Napolitano, O. (2019). Spatial asymmetries in monetary policy effectiveness in Italian regions. Spatial Economic Analysis, 16(1) 27–46.
  • Cizek, P., Jacobs, J., Ligthart, J., & Vrijburg, H. (2015). GMM estimation of fixed effects dynamic panel data models with spatial lag and spatial error (CentER Discussion Paper; Vol. 2015-003). Tilburg University.
  • Dixon, S. (2003). Implications of population ageing for the labour market. Labour Market Trends, 111(2), 67–76.
  • Elhorst, J. P. (2010). Dynamic panels with endogenous interaction effects when T is small. Regional Science and Urban Economics, 40(5), 272–282. https://doi.org/10.1016/j.regsciurbeco.2010.03.003
  • Favero, C. A. (2013). Modelling and forecasting government bond spreads in the euro area: A GVAR model. Journal of Econometrics, 177(2), 343–356. https://doi.org/10.1016/j.jeconom.2013.04.004
  • Galasso, V. (2008). Postponing retirement: The political effect of aging. Journal of Public Economics, 92(10–11), 2157–2169. https://doi.org/10.1016/j.jpubeco.2008.04.012
  • Heijdra, B. J., & Romp, W. E. (2009). Retirement, pensions, and ageing. Journal of Public Economics, 93(3–4), 586–604. https://doi.org/10.1016/j.jpubeco.2008.10.009
  • Holtz-Eakin, D., Newey, W., & Rosen, H. S. (1988). Estimating vector autoregressions with panel data. Econometrica: Journal of the Econometric Society, 56(6) 1371–1395. https://doi.org/10.2307/1913103
  • Jacobs, J. P. A. M., Ligthart, J. E., & Vrijburg, H. (2009). Dynamic panel data models featuring endogenous interaction and spatially correlated errors (CentER Discussion Paper, 2009).
  • Kapoor, M., Kelejian, H. H., & Prucha, I. R. (2007). Panel data models with spatially correlated error components. Journal of Econometrics, 140(1), 97–130. https://doi.org/10.1016/j.jeconom.2006.09.004
  • Kelejian, H. H., & Prucha, I. R. (2004). Estimation of simultaneous systems of spatially interrelated cross sectional equations. Journal of Econometrics, 118(1–2), 27–50. https://doi.org/10.1016/S0304-4076(03)00133-7
  • Kim, T. J., & Hewings, G. J. (2013). Inter-regional endogenous growth under the impacts of demographic changes. Applied Economics, 45(24), 3431–3449. https://doi.org/10.1080/00036846.2012.709603
  • Kukenova, M., & Monteiro, J. A. (2009). Spatial dynamic panel model and system GMM: A Monte Carlo investigation (No. 13405). University Library of Munich.
  • Lee, L. F., & Yu, J. (2010a). Estimation of spatial autoregressive panel data models with fixed effects. Journal of Econometrics, 154(2), 165–185. https://doi.org/10.1016/j.jeconom.2009.08.001
  • Lee, L. F., & Yu, J. (2010b). Some recent developments in spatial panel data models. Regional Science and Urban Economics, 40(5), 255–271. https://doi.org/10.1016/j.regsciurbeco.2009.09.002
  • LeSage, J., & Pace, R. (2009). Introduction to spatial econometrics. Chapman and Hall/CRC. https://doi.org/10.1201/9781420064254
  • Mitze, T., Schmidt, T. D., Rauhut, D., & Kangasharju, A. (2018). Ageing shocks and short-run regional labour market dynamics in a spatial panel VAR approach. Applied Economics, 50(8), 870–890. https://doi.org/10.1080/00036846.2017.1346360
  • OECD. (2019). Pensions at a glance 2019: OECD and G20 indicators. OECD Publishing. https://doi.org/10.1787/b6d3dcfc-en
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265–312. https://doi.org/10.1002/jae.951
  • Pesaran, M. H., Schuermann, T., & Weiner, S. M. (2004). Modeling regional interdependencies using a global error-correcting macroeconometric model. Journal of Business & Economic Statistics, 22(2), 129–162. https://doi.org/10.1198/073500104000000019
  • Peters, M., & Simsek, A. (2009). Solutions manual for introduction to modern economic growth. Princeton University Press.
  • Samorodov, A. (1999). Ageing and labour markets for older workers. Employment and Training Department, International Labour Office.
  • Sánchez Martín, A. R. (2010). Endogenous retirement and public pension system reform in Spain. Economic Modelling, 27(1), 336–349. https://doi.org/10.1016/j.econmod.2009.09.013
  • United Nations, Department of Economic and Social Affairs, Population Division. (2020). World population ageing 2019 (ST/ESA/SER.A/444).
  • Vedrine, L., & Bouayad-Agha, S. (2010). Estimation strategies for a spatial dynamic panel using GMM. A new approach to the convergence issue of European regions. Spatial Economic Analysis, 5(2), 205–227. https://doi.org/10.1080/17421771003730711
  • Wooldridge, J. M. (2010). Econometric analysis of cross section and panel data. The MIT Press, Cambridge.
  • Yaari, M. E. (1965). Uncertain lifetime, life insurance, and the theory of the consumer. The Review of Economic Studies, 32(2), 137–150. https://doi.org/10.2307/2296058
  • Yu, J., De Jong, R., & Lee, L. F. (2008). Quasi-maximum likelihood estimators for spatial dynamic panel data with fixed effects when both n and T are large. Journal of Econometrics, 146(1), 118–134. https://doi.org/10.1016/j.jeconom.2008.08.002
  • Zhu, B. (2018). The multi-country transmission of sovereign and banking risk: A spatial vector autoregressive approach. Spatial Economic Analysis, 13(4), 422–441. https://doi.org/10.1080/17421772.2018.1473890

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.