ageing and current account balances in OECD countries. First, the negative impact of population ageing on general savings …

correlated relationship between savings rate and investment rate, so-called Feldstein and Horioka (1980) proposition, has been … ageing deepens, both savings rate and investment rate could drop, which implies that the effect of population ageing on …

evidence from international panel data shows that population aging is associated with a higher growth rate of household net … assets and does not suppress household debt growth. In addition, the insurance, pension and asset management industries are … households. To complement the international panel data analysis, we also implement a simulation of household balance sheets based …