Showing 1 - 10 of 43
The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium...
Persistent link: https://www.econbiz.de/10005826038
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian economies—Hong Kong SAR, Japan, Singapore, Malaysia, and the Philippines—for the period 1997–2050 using a simulation approach. These calculations show the sensitivity of...
Persistent link: https://www.econbiz.de/10005826103
Purpose – The purpose of this paper is to re-examine the effect of population ageing on private saving, taking into … account the fact that ageing is brought about by not only rising old-aged dependency but also expanding longevity. Design …-linearity in the savings-ageing relationship which was ignored previously. Third, they identify whether saving rate and demographic …
Persistent link: https://www.econbiz.de/10010686104
Purpose – The purpose of this paper is to re-examine the effect of population ageing on private saving, taking into … account the fact that ageing is brought about by not only rising old-aged dependency but also expanding longevity. Design …-linearity in the savings-ageing relationship which was ignored previously. Third, they identify whether saving rate and demographic …
Persistent link: https://www.econbiz.de/10010742478
ageing-consumption, an ageing-saving, a saving-capitalisation and a saving-longevity puzzles have been put forward in the …
Persistent link: https://www.econbiz.de/10010706497
Persistent link: https://www.econbiz.de/10010707345
Ageing of most societies is driven by two factors: (1) birth rates are declining and (2) people are living longer … retirement. We develop an overlapping generation model in order to analyse the effects of ageing on the efficiency of retirement … old generation and that ageing makes a transfer via pay-as-you-go pension relatively more attractive. In optimum, the …
Persistent link: https://www.econbiz.de/10012099204
Elderly households hold most of their wealth in housing, maintain high levels of wealth throughout retirement, and often leave bequests. The value of their houses are subject to large shocks. To what extent do these shocks affect their savings, consumption, and bequests? Answering this question...
Persistent link: https://www.econbiz.de/10013272225
Private pension saving among the self-employed population in the UK has been falling dramatically over the last few decades, and this has led to a heightened policy focus on how to boost pension saving among this group. In this report we analyse patterns of private pension saving among the...
Persistent link: https://www.econbiz.de/10014470165
The number of self-employed workers has been rising rapidly in the UK in recent decades. At the same time, private pension participation among this group has fallen sharply, leading to increasing concern among policymakers about the preparedness for retirement of self-employed workers. This...
Persistent link: https://www.econbiz.de/10014470170