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The world will experience dramatic demographic change over this century. This paper examines the impacts of this global …-sector general equilibrium model. Using a detailed structural model, we simulate demographic shocks of six regions in the world …, economic structure and trade patterns. The results suggest that demographic change in different regions of the world economy …
Persistent link: https://www.econbiz.de/10012838076
Demographics are key determinants of what is economically feasible at both the global and national levels. Demographics also have important implications for monetary policy. Slower population and labor force growth in the coming decades will have a depressing effect on real interest rates
Persistent link: https://www.econbiz.de/10012968792
Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while rising longevity has perhaps increased both the incentive to invest in education and to save for retirement....
Persistent link: https://www.econbiz.de/10013218540
Transitions from high mortality and fertility to low mortality and fertility can be beneficial to economies as large baby boom cohorts enter the workforce and save for retirement, while rising longevity has perhaps increased both the incentive to invest in education and to save for retirement....
Persistent link: https://www.econbiz.de/10012467872
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Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate …
Persistent link: https://www.econbiz.de/10012947342
Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate …
Persistent link: https://www.econbiz.de/10012947882