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The demographic transition can affect the equilibrium real interest rate through three channels. An increase in longevity - or expectations thereof - puts downward pressure on the real interest rate, as agents build up their savings in anticipation of a longer retirement period. A reduction in...
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changes in family formation as the cause of very low fertility in Japan / Shigesato Takahashi -- Income inequality in a … rapidly ageing society, Japan : focusing on transformations in the structure of households with elderly / Sawako Shirahase … comparative perspective / Makoto Atoh -- Promoting gender equality, birthrates or human capital? Germany, Japan, and family policy …
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