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This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
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more light on the relationship between public and private savings by analyzing private pension scheme participation in the … pension scheme participation in the Netherlands. I find that participation in private pension schemes is higher for those who … an increase in, or crowding in of, private savings. -- Ageing ; savings behavior ; social security ; subjective …
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