mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …This study assesses the economic implications of China's changing population in the 21st century using a numerical … general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility …

mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …This study assesses the economic implications of China''s changing population in the 21st century using a numerical … general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility …

savings and in per capita output growth in China since the mid-1970s. The demographic changes come from reductions in the …We examine the role of demographics and changing industrial policies in ac- counting for the rapid rise in household … fertility rate and increases in the life expectancy, while the industrial policies take many forms. These policies cause …