Den westlichen Industriegesellschaften steht ein dramatischer Wandel in der Altersstruktur bevor. Wallace beschreibt die Auswirkungen auf Finanzmärkte, Eigentumsverhältnisse, Wirtschaft, Gesellschaft und Kultur, Arbeitsmarkt sowie Rentensystem.

In this paper we investigate the twofold effect of demographics on international factor flows in a model with endogenous policy constraints on both foreign direct investment and migration. Factor price differences between industrialized and developing countries create economic incentives for...

We investigate the effect of population aging on international factor flows in a political-economy framework. Political barriers to immigration in developed countries and insecure property rights in developing countries impede factor flows. Taking into account different generations' conflicting...

This paper examines whether there is any linkage between high levels of sovereign debt and the size of the elderly population. It is primarily a descriptive study which utilizes simple correlations and regressions. One might expect, based on precepts of prudent management of finances, that...