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This paper examines the impact of demographic factors on saving, investment, and external balances. We derive a number of semi-structural equations from national accounting principle and the principle that external balances for the world as a whole must sum to zero. The resulting equations...
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Census data from international sources covering 77% of the world's migrant population indicate that the skill …, the population share of skilled migrants has been approaching or exceeding that of skilled natives. We offer theoretical … capital, population, income growth and distribution, and migration trends are endogenous. We derive new insights about the …
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