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, coupled with sluggish total factor productivity and investment trend growth, contributes to the decline. Our results highlight …
Persistent link: https://www.econbiz.de/10014482654
The question as to whether population ageing affects saving remains controversial. The paper argues that the inconclusiveness may be because the population ageing-saving nexus is conditioned by financial development. Using China’s provincial data over the period 1989-2019, it indeed finds that...
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demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10013316605
Demographic trends put a burden on EU pension provision. As the sustainability of pension systems is addressed by current pension reforms, lower benefit levels are projected. In this scenario, households may want to consider supplementing their public pension income. As their own residence is on...
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The paper analyses the impact of demographic developments on the German pension system until the year 2060. The projections are simulated for a range of assumptions on the latest demographic trends and on the labour market and comprise the latest pension legislation. As a central innovation we...
Persistent link: https://www.econbiz.de/10012926557