Börsch-Supan, Axel; Ludwig, Alexander; Winter, Joachim - Mannheim Research Institute for the Economics of Aging, … - 2002
Throughout the world, population aging is a major challenge that will continue well into the 21 st century. While the … industrialized and less developed countries. To the extent that capital is internationally mobile, population aging will therefore … horizon. Our simulations suggest that capital flows from fast-aging industrial countries (such as Germany and Italy) to the …