Fehr, Hans; Jokisch, Sabine; Kotlikoff, Laurence J. - 2008
, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … cloud with a silver lining coming, in this case, in the form of capital deepening that will raise real wages. China … 2030 and 4 percent higher at the end of the century. Without China they'd be only 2 percent higher in 2030 and 4 percent …