, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … of rapid and significant aging requiring major fiscal adjustments.In previous studies that excluded China we predicted …, reducing real wages per unit of human capital. Adding China to the model dramatically alters this prediction. Even though China …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period …China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long … fall, the West and Japan see it rise by one fifth by 2030 and by three fifths by 2100. These wage increases are over and …

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …