Korea's economy has leaped to high-income status thanks to several decades of sustained high growth. However, population aging and shifts in global demand provide headwinds for future growth and Korea now faces the effects of COVID-19 on economic activity. This paper asseses the expected drag on...

This study examines the effect of the elderly population on SARS-CoV-2 Disease (COVID-19) mortality for a sample of 146 countries. It shows that the elderly population is robustly associated with higher COVID-19 mortality. This effect, however, decreases significantly in countries with higher...