prominent attention, but aging poses many other economic challenges that threaten growth and living standards if they remain …

Population aging and pension reform will have profound effects on international capital markets. First, demographic … reform shifts old-age provision towards more pre-funding. Third, while the patterns of population aging are similar in most …, population aging will induce capital flows between countries. All three effects influence the rate of return to capital and …

We present a quantitative analysis of the effects of population aging and pension reform on international capital … amplified when a pension reform shifts old-age provision towards more pre-funding. Third, while the patterns of population aging … internationally mobile, population aging will induce capital flows between countries. All three effects influence the rate of return …

In all major industrialized countries the population is aging over time, reducing the fraction of the population in … are mitigated or accentuated by the fact that the population is aging at different rates elsewhere in the world …

attention, but aging poses many other economic challenges that threaten growth and living standards if they remain unaddressed …