Introduction and overview -- Population dynamics in Brazil -- Old-age social protection programs and the aging challenge -- Health and long-term care -- Education and productivity -- Public finance implications of population aging: 2005-50 -- Financing Brazil's aging population : implications...

The question as to whether population ageing affects saving remains controversial. The paper argues that the inconclusiveness may be because the population ageing-saving nexus is conditioned by financial development. Using China’s provincial data over the period 1989-2019, it indeed finds that...