Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China

Hans Fehr, Sabine Jokisch, Laurence J. Kotlikoff

China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and above those associated with technical progress

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Year of publication:	October 2005
Authors:	Fehr, Hans
Other Persons:	Kotlikoff, Laurence J. (contributor) ; Jokisch, Sabine (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	China \| Japan \| USA \| United States \| Wirtschaftswachstum \| Economic growth \| Kapitalmangel \| Capital shortage \| Sparen \| Savings \| Makroökonometrie \| Macroeconometrics \| Sozialreform \| Welfare reform \| Produktionspotenzial \| Potential output \| EU-Staaten \| EU countries \| Demografischer Übergang \| Demographic transition

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w11668
Type of publication:	Book / Working Paper
Language:	English
Notes:	System requirements: Adobe [Acrobat] Reader required for PDF files Mode of access: World Wide Web Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w11668 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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