We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the …'s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …-as-you-go nature of the public pension system, combined with rapid population aging, created considerable intergenerational inequities …

The world's population is aging. Virtually no nation is immune to this demographic trend and the challenges it brings … argues that those calling for reform have overstated the demographic challenges ahead. Reformers conclude that aging poses … our ability to care for an aging population in a progressive manner that will not put undue burdens on future workers …

This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social … shows that the type of aging, i.e. declining fertility or increasing longevity, and the type of unfunded social security … provides a refinement to common policy recommendations that favor eliminating mandatory early retirement regulations in aging …

This paper analyzes the impact of demographic aging on capital accumulation and welfare in economies with unfunded … the type of aging, i.e. declining fertility or increasing longevity, and the type of pension system, i.e. defined … contributions or defined benefits, are important in understanding this impact. Results show that when aging is driven by increasing …

first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced … economies. Shrinking retirement annuities, however, could offset and potentially reverse these effects. We also show that aging …