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LAEF Conference 2026

Demographics in the 21st Century

About the conference

The Federal Bank of Cleveland and Finn Kydland’s Laboratory for Aggregate Economics and Finance at UCSB announce an academic conference highlighting demographic work at the frontier of economic sciences. The conference seeks to showcase work studying how and why developing and advanced economies are experiencing population aging and declining fertility rates. What are the causes and consequences of aging for the viability of social insurance systems and health care markets? What are the causes and consequences of declining fertility rates for market productivity and fiscal solvency? These are amongst the many questions the conference will consider.

Agenda

Thursday, April 30

8:30–9:15 am Understanding Latin America’s Fertility Decline: Age, Education, and Cohort Dynamics Raquel Fernandez, NYU
9:15–10:00 am The Effect of Cognitive Skills on Fertility Timing Agustin Diaz Casanueva, Central Bank of Chile
10:00–10:20 am Break
10:20–11:05 am Financial Incentives to Fertility: From Short to Long Run Lidia Cruces, Goethe University, Frankfurt
11:05–11:50 am Childcare and Long-Term Care: Altruism and Strategic Motives within the Family Ami Ko, Georgetown
11:50 am–1:00 pm Lunch
1:00–1:45 pm Boomerang College Kids: Unemployment, Job Mismatch and Coresidence Stefania Albanesi, University of Miami
1:45–2:30 pm The Demographic Cliff and the Market for Higher Education: Implications for Public Finance Irina Popova, University of Bonn
2:30–2:50 pm Break
2:50–3:35 pm Parental Leave Policies, Fertility, and Labor Supply Minchul Yum, Virginia Commonwealth University
3:35–4:20 pm The Power of Policy Incentives: Female Labor Supply, Fertility and Parental Leave Policy Design Mary Ann Bronson, Georgetown
4:20–4:30 pm Short Break
4:30–5:15 pm Marriage and Work Among Prime-Age Men Fang Yang, FRB Dallas
5:15 pm End of Day 1

Friday, May 1

9:00–9:45 am Optimal Pension Reforms during Demographic Transitions Selahattin Imrohoroglu, USC, Marshall
9:45–10:30 am Population Aging, Firms, and Worker Composition Cheng Chen, Clemson University
10:30–10:50 am Break
10:50–11:35 am The Elasticity of Social Security Policy Kathleen McKiernan, Vanderbilt University
11:35 am–12:20 pm Redistribution, distortions, and the welfare effects of Social Security Svetlana Pashchenko, University of Georgia
12:20–1:30 pm Lunch
1:30–2:15 pm Why Aging Induces Deflation and Secular Stagnation Toni Braun, GRIPS, Tokyo
2:15–3:00 pm The Postpandemic US Immigration Surge: New Facts and Inflationary Implications Alexander Richter, FRB Dallas
3:00 pm Adjourn

Conference organizers

  • Karen Kopecky, Federal Reserve Bank of Cleveland
  • Nick Pretnar, LAEF at UCSB
  • Ben Griffy, University at Albany
  • John Jones, Federal Reserve Bank of Richmond

When and where

April 30 – May 1, 2026
Federal Reserve Bank of Cleveland